Harish Textile Engineers Ltd confirms closure of dispute with Makharia Machineries Pvt. Ltd.
Harish Textile Engineers Ltd has confirmed the resolution and closure of a matter involving Makharia Machineries Pvt. Ltd., following an amicable settlement regarding a claimed amount. The company received confirmation via communication dated June 25, 2026, from the Advocate representing Makharia Machineries, confirming the full and final settlement of the claim.The company confirmed that the communication, received on June 26, 2026, indicated the receipt of the claimed amount by Harish Textile Engineers Ltd. This action marks the successful conclusion of the dispute between both parties. The matter has been officially withdrawn and is now considered resolved and closed.
Regarding the status of the pre-institution mediation matter, the following details were confirmed:
| Particulars | Details |
|---|---|
| Nature of Action Taken | Harish Textile Engineers Ltd received a communication from the Advocate representing Makharia Machineries Pvt. Ltd confirming receipt of the claimed amount for full and final settlement. The communication also verified the withdrawal of the matter and closure of all claims related to it. |
| Date of Receipt | June 26, 2026 (received through email). |
| Financial Impact | The matter is resolved and closed, resulting in no further financial or operational impact on Harish Textile Engineers Ltd. |
The resolution ensures that there are no outstanding claims from Makharia Machineries Pvt. Ltd. concerning the settled amount, thereby concluding the dispute entirely.
Stock Price Movement
Harish Textile Engineers Ltd shares settled at ₹65.68 on Thursday, ticking up 0.66% in post-market trading. The equity navigated a day of movement, reaching an intraday high of ₹66.00 after dipping down to ₹65.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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