Anik Industries settles arbitration disputes involving subsidiary
Anik Industries received two separate arbitration awards on June 17, 2026, concerning its material subsidiary, Revera Milk and Foods Private Limited. The awards, passed by the Arbitral Tribunal of Sole Arbitrator Mr. Bhagwan Raj Pandey, were based on amicable settlements with Patan Agro Products Private Limited and Nebula Multitrade Private Limited. Under the consent terms, Anik Industries waived interest on advanced amounts in exchange for the respondents waiving damages and losses from counter claims, which stemmed from a 2018 agreement and delays in decision-making.

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Anik Industries received two separate arbitration awards on June 17, 2026, involving its material subsidiary, Revera Milk and Foods Private Limited. The awards were passed by the Arbitral Tribunal of Sole Arbitrator Mr. Bhagwan Raj Pandey based on amicable settlements between the parties. The disputes were with M/s. Patan Agro Products Private Limited and M/s. Nebula Multitrade Private Limited.
Under the consent awards, Anik Industries Limited, acting as the claimant, waived interest on the amount advanced to the respondents. This waiver was in exchange for the respondents waiving the entire amount of damages or losses raised under their counter claims. The counter claims arose due to the non-fulfilment of obligations under an agreement dated March 2, 2018, and delays in decision-making by the claimant.
The final consent awards were received by the company on June 17, 2026. The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ankur Bindal, Company Secretary and Compliance Officer.
Arbitration Details
| Particulars | Details |
|---|---|
| Authority | Arbitral Tribunal of Sole Arbitrator Mr. Bhagwan Raj Pandey |
| Date of Award | June 17, 2026 |
| Date of Receipt | June 17, 2026 |
| Parties Involved | Revera Milk and Foods Private Limited vs. Patan Agro Products Private Limited; Revera Milk and Foods Private Limited vs. Nebula Multitrade Private Limited |
| Nature of Action | Consent award passed based on amicable settlement |
The company confirmed that there is no impact on key management personnel, promoters, or the ultimate person in control regarding these proceedings. The specific financial impact was not quantified in the filing, as the settlement involved mutual waivers of claims and counter-claims.
Historical Stock Returns for Anik Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.49% | +9.94% | +6.17% | -12.10% | -57.64% | +158.51% |
How will the resolution of these disputes affect Anik Industries' future relationship with suppliers like Patan Agro and Nebula Multitrade?
Will the company implement changes in its decision-making processes to prevent similar delays and contractual disputes with other partners?
Does this settlement signal a broader strategy by Anik Industries to clean up legacy litigation and improve operational efficiency?


































