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Kiri Industries

24th-Sep-2021 11:44Source: BSE

Kiri Industries - Updates On Court Case In Singapore In Compliance With Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

We would like to inform that the Singapore International Commercial Court (SICC) has delivered judgement today i.e. 24 September, 2021 on Kiri's counterclaim against DyStar in SIC/7-2020. The SICC has dismissed Kiri's counterclaim and awarded all in cost of S$ 11,37,856.41 to DyStar.

We are in process to take legal advice for further course of action in the matter.

Copy of the SICC judgement is attached herewith for your reference and record.

We would like to further state that this judgement has no effect on the valuation award obtained by Kiri from the Honorable SICC, amounting to USD 481.60 million, of Kiri's stake in DyStar under SIC/4.

You are requested to kindly note the above.