Harish Textile Engineers faces mediation notice over ₹3.1L claim

Harish Textile Engineers has received a notice for pre-institution mediation from the Mumbai District Legal Services Authority regarding a claim of ₹3,10,814 by Makharia Machineries Pvt. Ltd. The claim pertains to alleged outstanding dues and interest on supplies made to the company. The company stated that the entire principal amount of ₹2,62,492 has been paid and is awaiting confirmation from the creditor.

The notice, received via email on June 22, 2026, requires the company to appear before the Mediation Centre at Mazgaon Court in Mumbai on July 2, 2026. The mediation was initiated under Section 12A of Chapter IIIA of the Commercial Courts Act, 2015. The company has indicated it will participate in the proceedings and take appropriate steps.

The total claim amount comprises a principal of ₹2,62,492 and an interest component of ₹48,322. The company asserts that the principal portion has been settled, leaving the balance claim related to interest and other amounts. Based on its current assessment, the company stated there is no material adverse impact on its financials, operations, or other activities.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Sandeep Gandhi, Managing Director of Harish Textile Engineers.

Details of the Claim

Particulars	Details
Claimant	Makharia Machineries Pvt. Ltd.
Authority	Mumbai District Legal Services Authority, Mediation Centre, Mazgaon Court, Mumbai
Total Claim Amount	₹3,10,814
Principal Amount Claimed	₹2,62,492
Interest Claimed	₹48,322
Date of Notice	June 22, 2026
Mediation Date	July 2, 2026

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.15%	-2.65%	+2.53%	+5.08%	+8.73%	+70.54%

Harish Textile Engineers Limited has received an opportunity to be reheard under Section 129 of the Income-tax Act, 1961 for Assessment Year 2021-22 following a change in the concerned Assessing Officer. The communication, dated June 16, 2026, was received by the company on June 17, 2026, via email from the Office of the Assistant Commissioner of Income Tax, Circle 2(1)(1), Mumbai. The notice is procedural in nature and does not impose any fresh demand, penalty, or adverse direction against the company.

The development is a continuation of the disclosure made on March 31, 2026, regarding a notice received under Section 148A(1) of the Income-tax Act, 1961. The company stated that the latest communication does not contain any new allegations or violations. It relates solely to the pending proceedings under Section 148A for Assessment Year 2021-22.

harish textile engineers has already filed its reply to the Income Tax Department regarding the notice issued in March 2026. The company confirmed that it has also responded to this fresh communication within the stipulated timeline provided by the authority.

According to the disclosure made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the financial impact of this communication is not currently ascertainable. The company emphasized that the notice is procedural and does not carry any monetary implications at this stage.

The following table details the specifics of the communication and the company's response:

Sr. No.	Particulars	Details
1	Name of Authority	Income Tax Department, Office of the Assistant Commissioner of Income Tax, Circle 2(1)(1), Mumbai
2	Nature and details of the action(s) taken, or order(s) passed	Communication issued under Section 129 of the Income-tax Act, 1961 granting the Company an opportunity of being reheard consequent to change in the incumbent Assessing Officer in proceedings pending under Section 148A of the Income-tax Act, 1961 for Assessment Year 2021-22.
3	Date of receipt of direction or order	June 17, 2026
4	Details of the violation(s)/contravention(s) committed or alleged to be committed	No fresh violation or contravention has been alleged. The communication relates to the proceedings under Section 148A of the Income-tax Act, 1961 which were earlier disclosed by the Company vide its intimation dated March 31, 2026.
5	Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible	At present, no financial impact is ascertainable as the communication is procedural in nature and does not impose any demand, penalty or adverse direction upon the Company.
6	Remark	The Company has already filed its reply with the Income Tax Department.