Visaka Industries Limited Receives ₹68 Crore Award from Litigation Against HCA
Visaka Industries Limited has received a significant financial award following successful litigation against the Hyderabad Cricket Association (HCA). The company confirmed that it has received the funds, which amount to ₹ 68,73,19,584, including interest.The payment was successfully received by Visaka Industries Limited on July 10, 2026. This amount corresponds to an award made by an Arbitral Tribunal and subsequently confirmed by the Apex Court of India.
The dispute involved the Principal Special Court in the Cadre of District Judge for Trial and Disposal of Commercial Disputes, Hyderabad. The court allowed Cheque Petition (CEP) No. 22 of 2025, corresponding to CEA No. 64 of 2026, on July 8, 2026.
The outcome brings a positive impact on the company's financial standing.
Key details regarding this legal dispute are outlined below:
| Detail | Description |
|---|---|
| Opposing Party Name | Hyderabad Cricket Association (HCA) |
| Forum/Court | Principal Special Court in the Cadre of District Judge for Trial and Disposal of Commercial Disputes, Hyderabad |
| Award Quantum | ₹ 68,73,19,584 (including interest) |
| Date of Receipt | July 10, 2026 |
| Status | Final outcome achieved following Tribunal award confirmed by Apex Court of India |
VISAKAIND Stock Price Movement
Today, Visaka Industries Limited shares edged higher to close at ₹81.92, rallying a solid 5.15% in post-market trading. The stock traded within an intraday range of ₹77.12 and ₹82.50, supported by total volume of 208,632 shares.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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