Shiva Texyarn Ltd Provides Update on Pending Litigation Status
Shiva Texyarn Ltd has provided an update regarding a pending material litigation case. The company reported that the matter concerning M/s. Louis Dreyfus Company India Pvt. Ltd. has reached a resolution through mutual consent, leading to the disposal of the petition in the Hon'ble High Court of Mumbai.The company outlined the specific details of the dispute and the current status in a report dated 13 April 2026.
According to the details provided, the dispute involves the following parties and amounts:
| Defendant | Forum | Dispute Amount (in Rs) |
|---|---|---|
| M/s. Louis Dreyfus Company India Pvt. Ltd. | Hon.ble High Court, Mumbai | 1,44,00,000 |
The update detailed that Shiva Texyarn Ltd had previously filed a petition before the Hon'ble High Court of Mumbai seeking to set aside an award passed by a Sole Arbitrator appointed by the Cotton Association of India.
The company confirmed that based on a compromise agreement and consent terms mutually agreed upon by the involved parties, the Hon'ble High Court of Mumbai set aside the Arbitration Award. Consequently, the present petition stands disposed of in terms of these aforesaid compromise agreement and consent terms.
SHIVATEX Stock Price Movement
Today, Shiva Texyarn Limited shares edged higher, closing at ₹147.59 after gaining 1.53%. The stock settled within its trading day range, which spanned from a low of ₹143.1 to a high of ₹149.69, supported by a volume of 904 shares.Source:
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