Harish Textile Engineers Receives Notice Regarding Expiration of Factory License Agreement
Harish Textile Engineers Ltd has received communications from the licensor of one of its factory premises, regarding the expiration of the corresponding Leave and License Agreements. The agreements concerned a facility located at 103, Raikhadi, Umbergaon, District Valsad, Gujarat.The communications were received by the company on July 01, 2026. According to the licensor, the respective Leave and License Agreements expired by efflux of time on June 30, 2026. The licensor has subsequently called upon Harish Textile Engineers Ltd to vacate and hand over vacant and peaceful possession of the licensed premises within fifteen (15) days from the date of receiving these communications.
The notices also stated that should the company fail to surrender possession within the stipulated time frame, the licensor would be entitled to initiate appropriate legal action.
A detailed summary of the situation and its impact is provided below:
| Detail | Particulars |
|---|---|
| Date of Receipt | 01 July, 2026 |
| Licensing Agreement Expiry Date | 30 June, 2026 |
| Demand Timeline | The company must vacate and hand over possession within fifteen (15) days. |
| Alleged Contravention | None. The communications concern the expiry of the agreement by efflux of time. |
| Impact on Operations | At present, the impact remains unquantifiable as the company is evaluating the implications of the communications. |
Harish Textile Engineers Ltd stated that it is currently reviewing the contents of the communications in consultation with its legal advisors and will take all necessary steps deemed appropriate under applicable law.
Stock Price Movement
Harish Textile Engineers Ltd. settled on a gain of 0.70%, closing the day at ₹65.89 on Thursday. The shares traded during the session between a low of ₹65.36 and an intraday high of ₹69.25.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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