Shalby disposes of arbitration proceedings against two doctors

2 min read Updated on 29 Jun 2026, 07:04 PM

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Jubin VScanX News Team

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Shalby Limited has disposed of arbitration proceedings against Dr. Viral Shah and Dr. Praveen Saxena following joint withdrawals and settlements filed by the respective parties. The orders were passed by the Learned Sole Arbitrator, Hon'ble Justice M. S. Parikh (Retd.), on June 26, 2026. The company confirmed that there is no quantifiable financial or operational impact resulting from these settlements.

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Shalby Limited has disposed of arbitration proceedings against Dr. Viral Shah and Dr. Praveen Saxena following a joint withdrawal and settlement filed by the respective parties. The orders were passed by the Learned Sole Arbitrator, Hon'ble Justice M. S. Parikh (Retd.), on June 26, 2026. The company confirmed that there is no quantifiable financial or operational impact resulting from these settlements.

The intimation was submitted to the National Stock Exchange of India Ltd and BSE Limited in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The disclosure referenced a previous intimation letter dated August 12, 2023, regarding the status of these pending material litigations.

Case Details

The two separate arbitration matters were resolved through withdrawals filed by both parties involved. The details of the proceedings and outcomes are outlined below.

Case 1: Shalby Limited vs Dr. Viral Shah

Sr. No.	Particulars	Details
i.	Name of the Authority	Learned Sole Arbitrator (Hon'ble Justice M. S. Parikh (Retd.)), Ahmedabad
ii.	Nature and details of the action(s) taken or order(s) passed	The arbitration proceedings in the matter of Shalby Limited Vs Dr. Viral Shah have been disposed of by the Learned Sole Arbitrator, pursuant to a joint withdrawal/settlement filed by both parties.
iii.	Date of receipt of direction or order	June 26, 2026 at 6:00 p.m. (IST)
iv.	Details of violation(s)/contravention(s) committed	Not applicable. The arbitration proceedings have been disposed of.
v.	Impact on the financial, operation or other activities	Nil. The matter stands fully settled and disposed of.

Case 2: Shalby Limited vs Dr. Praveen Saxena

Sr. No.	Particulars	Details
i.	Name of the Authority	Learned Sole Arbitrator (Hon'ble Justice M. S. Parikh (Retd.)), Ahmedabad.
ii.	Nature and details of the action(s) taken or order(s) passed	The arbitration proceedings in the matter of Shalby Limited Vs Dr. Praveen Saxena have been disposed of by the Learned Sole Arbitrator pursuant to a joint withdrawal/settlement filed by both parties.
iii.	Date of receipt of direction or order	June 26, 2026 at 6:00 p.m. (IST)
iv.	Details of violation(s)/contravention(s) committed	Not applicable. The arbitration proceedings have been disposed of.
v.	Impact on the financial, operation or other activities	Nil. The matter stands fully settled and disposed of.

The filing was signed by Tushar Shah, Vice President & Company Secretary of Shalby Limited.

Historical Stock Returns for Shalby

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.50%	-3.30%	-3.76%	-8.76%	-17.63%	-14.21%

Will the resolution of these arbitrations allow Shalby Limited to refocus resources on expansion or new strategic initiatives?

Does the settlement with Dr. Viral Shah and Dr. Praveen Saxena include any non-compete clauses or future collaboration agreements?

How will the removal of these pending litigations influence investor sentiment and Shalby's stock valuation in the upcoming quarter?

Read Next Article

Shalby Limited to host Q4FY26 analyst meet on June 10

1 min read Updated on 06 Jun 2026, 01:18 AM

Reviewed by

Anirudha BScanX News Team

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Shalby Management will engage with analysts and investors in a virtual group meeting on June 10, 2026, to discuss financial performance for Q4 and FY2026. The session is scheduled between 1:00 p.m. and 2:00 p.m. IST as part of the Choice Institutional Equities InsightX Virtual Forum. This interaction provides stakeholders an opportunity to review the company's operational results and strategic outlook following the release of its investor presentation.

The meeting is being conducted pursuant to Regulation 30 read with para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shalby clarified that no unpublished price sensitive information will be shared during this interaction. The investor presentation for the fourth quarter and fiscal year 2026 is already available on the websites of the National Stock Exchange of India, BSE Limited, and the company.

The schedule for the meeting remains subject to change due to exigencies on the part of investors, analysts, or the company. The disclosure was submitted to the exchanges by Tushar Shah, AVP & Company Secretary of Shalby Limited.