Harish Textile Engineers Receives Mediation Notice Over Supplier Claim; Principal Paid

Harish Textile Engineers Receives Mediation Notice Over Supplier Claim; Principal Paid​

Harish Textile Engineers Ltd has received a notice for pre-institution mediation from the Mumbai District Legal Services Authority concerning a claim made by Makharia Machineries Pvt. Ltd regarding alleged outstanding dues related to supplies.

The notice was received by the company on June 22, 2026. The matter is scheduled for presentation before the Mediation Centre at Mazgaon Court, Mumbai, on July 2, 2026, at 11:00 AM.

The claim originates from an application filed by Makharia Machineries Pvt. Ltd under the Commercial Courts Act, 2015. The grievance pertains to alleged non-payment or delayed payment of invoices issued by Makharia Machineries Pvt. Ltd for goods supplied to Harish Textile Engineers.

Claim Details and Company Response​

The total amount claimed by Makharia Machineries Pvt. Ltd amounts to Rs. 3,10,814/-. This figure is composed of a principal claim of Rs. 2,62,492/- and an interest claim of Rs. 48,322/-.

In response to the dispute, Harish Textile Engineers has confirmed that it has paid the entire principal amount of Rs. 2,62,492/- to the creditor and is currently awaiting confirmation from Makharia Machineries Pvt. Ltd.

The company stated that it is taking appropriate steps in this matter and will participate in the mediation proceedings as required by the authority. Based on its current assessment, there is no material adverse impact of this ongoing matter on the financials or operations of Harish Textile Engineers.

Stock Price Movement​

Harish Textile Engineers Ltd concluded the market session with a solid gain, finishing at ₹67.00 after rising 1.52% on Monday. Shares traded within an intraday range, moving between a low of ₹64.05 and reaching its high at ₹67.00.