News Announcement

Bharat Gears: Disclosure Under Regulation 30 And Other Relevant Provisions (If Any) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended From Time To Time.

In accordance with Regulation 30 and other relevant provisions (if any) of the SEBI LODR Regulations we hereby inform you that the Company has been advised on November 02 2023 that a civil suit is filed by Mr. Sameer Kanwar Joint Managing Director inter alia under the Specific Relief Act 1963 in the High Court of Delhi inter alia against:i) Mr. Surinder Paul Kanwar Chairman and Managing Director of inter alia Bharat Gears Limited and father of Mr. Sameer Kanwar Joint Managing Director.ii) Bharat Gears LimitedAnd others who were party to the Memorandum of Family Settlement (MOFS) dated April 13 2012; however Bharat Gears Limited is not a party to the alleged MOFS. Further the Company was served a copy of the plaint on November 07 2023.Requisite Details in accordance with Regulation 30 of the LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13 2023 are enclosed herewith as Annexure-A.Kindly take the above on record.

Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.