Harish Textile Engineers Ltd has been directed to appear for pre-institution mediation proceedings scheduled for August 17, 2026, in a dispute with Vashi Integrated Solutions Limited. The District Legal Services Authority, CBD Belapur, Navi Mumbai, has mandated the presence of the company’s directors and Chief Financial Officer for the session, which is set to begin at 12:00 Noon. This development follows the service of Mediation Application No. 52 of 2026 under Section 12A of the Commercial Courts Act, 2015.

The company disclosed the update pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Harish Textile Engineers received the communication from the advocate representing Vashi Integrated Solutions on August 6, 2026, via post. The document confirmed that the authority had received the company’s reply to the summons on August 1, 2026.

Procedural Timeline and Directives

The mediation process involves specific directives from the learned mediator regarding the appearance of key personnel. The company must ensure that its directors and CFO appear either in person or through duly authorized representatives or counsel. The proceedings are part of Pre-Institution Mediation No. 52 of 2026 before the District Legal Services Authority, CBD Belapur.

Impact Assessment

In its disclosure to BSE Limited, Harish Textile Engineers stated that there is no quantifiable financial impact on its operations at this stage. The company is currently examining the contents of the Mediation Application and intends to participate in the proceedings while taking appropriate legal steps in accordance with applicable law. Managing Director Sandeep Gandhi signed the intimation issued from Mumbai on August 6, 2026.

Harish Textile Engineers Ltd has informed the stock exchanges that the National Company Law Tribunal (NCLT), Mumbai Bench, has reserved its judgment on an insolvency petition filed by Kamlesh Corporation. The tribunal declined to grant any further adjournment in the matter and proceeded to hear the submissions of the applicant, Kamlesh Corporation. The order dated July 10, 2026, was uploaded on the NCLT website on July 21, 2026, and came to the company's knowledge on the same day.

The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, regarding alleged outstanding operational dues payable by the company. The Hon'ble NCLT recorded that the reply filed by the company would be considered while disposing of the matter. Consequently, the tribunal reserved the matter for orders.

In a regulatory filing, the company stated that there is no material impact on its financial, operational, or other activities at this stage. The management noted that any financial impact would depend upon the final outcome of the proceedings and is presently not ascertainable. The company intends to take appropriate legal steps based on the outcome and will make further disclosures as required under applicable laws.

The disclosure was made pursuant to 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 Ltd.

Key Details of the NCLT Proceeding