Keerthi Industries Limited has disclosed receiving a legal notice from its coal supplier regarding alleged dishonour of cheques worth Rs. 1,41,85,288. The company made this disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Legal Notice Details

The company received a legal notice dated 10th March, 2026 from J P Associates on 12th March, 2026. The notice pertains to alleged dishonour of cheques under Section 138 of the Negotiable Instruments Act, 1881.

Company's Response Strategy

Keerthi Industries has outlined its approach to resolve the matter. The company is initiating payments of the outstanding dues along with supply of cement to address the pending amounts. Management has indicated that discussions are underway with the vendor to withdraw the legal notice.

The company has stated that it will provide updates on this development in due course of time as the resolution process progresses.

Financial Impact Assessment

According to the company's disclosure, there is no material impact expected on the financial, operations or other activities of the company. The management has emphasized that discussions with the vendor are in progress for withdrawal of the notice.

Regulatory Compliance

The disclosure was made by Company Secretary and Compliance Officer Anupama Iyer on 13th March, 2026, in compliance with SEBI listing regulations. The company has provided complete details as required under Schedule III of the Listing Regulations, ensuring transparency with stakeholders regarding this legal development.

Keerthi Industries Limited has received a legal notice from its coal supplier J P Associates regarding dishonoured cheques worth Rs 2,30,93,037. The company disclosed this development to BSE Limited on February 21, 2026, under Regulation 30 of SEBI Listing Regulations.

Legal Notice Details

The legal notice was dated February 16, 2026, and received by the company on February 19, 2026. The notice has been served under Section 138 of the Negotiable Instruments Act, 1881, which deals with dishonour of cheques for insufficiency of funds.

Root Cause and Company Response

According to the company's disclosure, the issue has arisen due to the surrender of working capital requirements with Axis Bank Limited. This indicates potential liquidity constraints that affected the company's ability to honor payments to its suppliers.

Keerthi Industries has emphasized that there is no material impact on the financial, operations, or other activities of the company. The management is actively engaged in discussions with J P Associates to resolve the matter and secure withdrawal of the legal notice.

Financial Impact Assessment

The company has stated in its regulatory filing that the cheque dishonour incident will not materially impact its financial position or operational activities. However, the amount involved represents a significant sum that the company needs to address with its coal supplier.

Company Background

Keerthi Industries Limited, formerly known as Suvarna Cements Limited, operates from its registered office at Plot No. 40, IDA, Balanagar, Hyderabad. The company's factory is located at Mellacheruvu Village & Mandal, Suryapet District, Telangana. The disclosure was signed by Company Secretary and Compliance Officer Anupama Iyer.

The company has assured stakeholders that any further developments regarding the resolution of this matter will be communicated promptly as per regulatory requirements.