NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company5d ago · 31 Aug 2026, 06:09 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Indegene Limited · INDGN
✦ AI SummaryLitigation
Indegene Limited has informed the Exchange about the preliminary approval of a proposed class action settlement against its wholly-owned overseas subsidiary, Indegene, Inc., before the U.S. District Court, District of New Jersey. The settlement remains subject to completion of the notice and claims process and final approval by the Court.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Indegene Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Attachments (1)
📄pdf
Download →
INDEGENE_31082026180841_31082026_Litigationsedisclosuresd.pdf
View document text
INDGN/SE/2026-27/50
31 August 2026
BSE Limited, National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex, Bandra (E),
Mumbai- 400001, India. Mumbai – 400 051, India.
Scrip Code: 544172 Trading symbol: INDGN
Dear Sir / Madam,
Sub: Update on Material Litigation under the Telephone Consumer Protection Act, 1991 Involving Wholly-Owned
Subsidiary, Indegene, Inc.
Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”) and in continuation of disclosures previously made by Indegene Limited
(“the Company”) in its initial public offer documents and subsequent financial results and Stock Exchange
disclosure dated 19 August 2026, the Company is providing an update on material development in relation to
the ongoing class-action lawsuit pending against our wholly-owned overseas subsidiary, Indegene, Inc., before
the U.S. District Court, District of New Jersey.
We wish to inform you that on 27 August 2026, the Court issued an order preliminarily approving the proposed
class action settlement entered into between the parties. The Court has also approved the proposed notice
process, appointed Analytics as the Settlement Administrator, and scheduled the final approval hearing for 12
January 2027.
The preliminary approval order does not constitute a final approval of the settlement. The settlement remains
subject to completion of the Court-approved notice and claims process and final approval by the Court.
The detailed particulars required under Regulation 30 of the Listing Regulations read with the SEBI Master Circular
No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are annexed to this letter.
The above information is being made available on the website of the Company https://www.indegene.com/
Kindly take the above-said information on record.
For Indegene Limited
Srishti Ramesh Kaushik
Company Secretary and Compliance Officer
Encl: A/a
Indegene Limited
Third Floor, Aspen G-4 Block, Manyata Embassy
Business Park (SEZ), Outer Ring Road, Nagawara, Bengaluru-
560 045, Karnataka, India
Phone: +91 80 4674 4567, +91 80 4644 7777
compliance.officer@indegene.com
www.indegene.com
CIN: L73100KA1998PLC102040
Annexure – I
Disclosure of information pursuant to Regulation 30 of the Listing Regulations read with the SEBI Master
Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Sl. No Particulars Details
1. The details of any change in the status Further to the Company's disclosure dated 19 August 2026
and/or any development in relation to regarding the proposed settlement of the class action
such proceedings litigation, the United States District Court, District of New
Jersey, by order dated 27 August 2026, has preliminarily
approved the proposed class action settlement.
The Court has approved the form and manner of notice to
the settlement class, appointed Analytics as Settlement
Administrator, and directed issuance of notice to settlement
class members on or before 10 September 2026.
The Court has also established timelines for submission of
claims, requests for exclusions and objections, which are
required to be submitted on or before 9 December 2026,
and has fixed the final approval hearing on 12 January
2027.
The settlement remains subject to final approval by the
Court following completion of the notice and claims
administration process.
The preliminary approval order does not alter the
settlement framework, including the claims-made structure
previously disclosed by the Company.
2. In the case of litigation against key Same as previous disclosure filed on 19 August 2026
management personnel or its promoter
or ultimate person in control, regularly Not Applicable. The litigation is against Indegene, Inc. and
provide details of any change in the certain subsidiaries and does not relate to litigation against
status and/or any development in the Company's key managerial personnel or ultimate
relation to such proceedings person in control.
3. In the event of settlement of the Same as previous disclosure filed on 19 August 2026
proceedings, details of such settlement
including terms of the settlement, The settlement framework provides for:
compensation / penalty paid (if any) and (i) a maximum settlement fund of approximately USD
impact of such settlement on the 4.72 million;
financial position of the listed entity (ii) payment of USD 250 per eligible approved claim;
(iii) a claims-made structure under which actual
payments depend upon valid claims received and
approved;
(iv) retention/reversion to the defendants of amounts
not required to satisfy approved claims and other
agreed settlement payments;
(v) no requirement to deposit, escrow or pre-fund the
entire maximum settlement fund;
(vi) payment of Court-approved class counsel fees
and other amounts contemplated under the
settlement agreement; and
(vii) Settlement administration in accordance with the
Court-approved notice and claims process.
No payment has been made to class members at this
stage. The proposed settlement has received preliminary
approval from the United States District Court, District of
New Jersey and remains subject to completion of the notice
and claims administration process and final approval by
the Court. Accordingly, the maximum settlement fund
should not be interpreted as the expected cash outflow.
The actual financial impact will depend principally on the
number of valid claims ultimately submitted and approved,
together with Court-approved counsel fees,
administration costs and other amounts payable under the
settlement agreement.