Harish Textile Engineers Limited Receives Statement of Claim from Deep Industries
Harish Textile Engineers Limited announced on March 19, 2026, that it received a Statement of Claim from M/s. Deep Industries via post on March 18, 2026. The claim, received through the claimant’s advocate, is related to ongoing arbitration proceedings initiated by Deep Industries under Section 18(3) of the Micro, Small and Medium Enterprises Development Act, 2006.The Statement of Claim pertains to alleged delayed payments, including interest, as claimed under the provisions of the MSMED Act, 2006. The claimant alleges an amount of Rs. 97,59,128, including Rs. 72,08,743 in interest, is payable.
The company is currently reviewing the contents of the Statement of Claim with its legal advisors and will take appropriate steps in accordance with applicable laws.
Below is a summary of the details as required by regulatory guidelines:
Details of Statement of Claim
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of Authority Designation of the assessing officer Unit Division | Hon'ble Micro and Small Enterprises Facilitation Council (MSEFC), Ahmedabad, Gujarat |
| 2 | Nature and details of the action(s) taken, or order(s) passed | The Company has received a copy of the Statement of Claim filed by M/s. Deep Industries before the Hon'ble Micro and Small Enterprises Facilitation Council (MSEFC), Ahmedabad, Gujarat in connection with arbitration proceedings initiated under Section 18(3) of the MSMED Act, 2006 alleging that an amount of Rs. 97,59,128 including interest of Rs. 72,08,743 is payable by the Company |
| 3 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | March 18, 2026 (received by post) |
| 4 | Details of the violation(s)/contravention(s) committed or alleged to be committed | Alleged delayed payment (including interest) to M/s. Deep Industries (Claimant), a party registered under the MSMED Act. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | The financial implication, if any, will be determined based on the outcome of the arbitration proceedings. The company’s legal advisors are also reviewing the interest calculation allegedly claimed by the claimant. |
| 6 | Remark | This disclosure is a further update in continuation of the Company's earlier disclosures in the matter. |
Sandeep Gandhi, Managing Director of Harish Textile Engineers Limited, confirmed the disclosure.
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