Gaudium IVF and Women Health Limited Update on Arbitration Proceedings
Gaudium IVF and Women Health Limited reported developments regarding the commercial arbitration petition filed against the company and its promoter and chairperson & managing director, Dr. Manika Khanna.The company previously informed the Stock Exchanges about the filing of a Commercial Arbitration Petition under Section 9 of the Arbitration and Conciliation Act, 1996, before the Hon'ble High Court of Judicature at Bombay. Neomile Corporate Advisory Limited initiated the petition concerning alleged advisory services linked to the Initial Public Offering (IPO) of the Company.
In relation to these proceedings, the Hon'ble High Court of Judicature at Bombay issued an order dated April 02, 2026. Through this order, the Petition was disposed of, and Hon'ble Mr. Justice Nitin Jamdar (Former Chief Justice, Kerala High Court) was appointed as the Sole Arbitrator to adjudicate the dispute.
Status of Arbitration Proceedings
The company provided details regarding the status of the proceedings, noting that the Petition under Section 9 of the Arbitration and Conciliation Act, 1996, has been disposed of, and Hon'ble Mr. Justice Nitin Jamdar (Former Chief Justice, Kerala High Court) has been appointed as the Sole Arbitrator. As of this reporting, there is no financial implication at this stage.Key details concerning the litigation status are summarized below:
| Particulars | Description |
|---|---|
| Details of any change in the status and / or any development in relation to such proceedings | The Petition under Section 9 of the Arbitration and Conciliation Act, 1996 has been disposed of and Hon'ble Mr. Justice Nitin Jamdar (Former Chief Justice, Kerala High Court) has been appointed as the Sole Arbitrator. There is no financial implication at this stage. |
| Party to Arbitration Proceedings | Along with the Company, Dr. Manika Khanna, Chairperson and Managing Director and Promoter of the Company is also a party to the Arbitration Proceedings. |
| Settlement Details | NA |
| Explanation for delay | The order of the Hon'ble Court was uploaded on the Court's official website on Saturday, April 04, 2026, in the late evening. The Company became aware of the said order on April 06, 2026, being the next working day. Accordingly, the present intimation is being made within 24 hours from receipt of the order by the Company. |
The company confirmed that Dr. Manika Khanna, Chairperson and Managing Director and Promoter, is a party to the Arbitration Proceedings alongside the Company.
The company is Gaudium IVF and Women Health Limited, formerly known as Gaudium IVF and Women Health Private Limited.
GAUDIUMIVF Stock Price Movement
Today, Gaudium IVF and Women Health Limited shares slipped by 1.25% to close at ₹78.72. The stock saw a volume of 472,780 shares traded during the session.Source:
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