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Kiri Industries

22nd-Oct-2021 18:40Source: BSE

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

We refer to our earlier announcement dated 24 September 2021 with respect to the updates on the Singapore International Commercial Court (SICC) judgement delivered on 24 September, 2021.

The Company has filed appeal against the said order with Court of Appeal (Supreme Court of Singapore) on 22 October, 2021.

Please take note that, the said judgement and its appeal does not have any 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.

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