Shashijit Infraprojects court hearing adjourned to July 6, 2026

1 min read Updated on 20 Jun 2026, 05:02 PM

Reviewed by

Suketu GScanX News Team

AI Summary

Shashijit Infraprojects announced that the High Court of Gujarat adjourned the hearing for its leased property dispute with Vapi Municipal Corporation from June 18 to July 6, 2026. The case remains pending with no decision on the merits yet. The disclosure complies with SEBI Listing Regulations.

*this image is generated using AI for illustrative purposes only.

Shashijit Infraprojects has reported an update regarding the ongoing legal proceedings concerning a leased property acquired from Vapi Municipal Corporation. The company informed the exchanges that the hearing for this dispute, which was listed before the Hon'ble High Court of Gujarat on June 18, 2026, could not be taken up and has been adjourned.

The matter has now been rescheduled for hearing on July 6, 2026. The company clarified that the dispute continues to remain pending before the court and that no adjudication on the merits of the case has been made as of the date of this disclosure.

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The update references the company's earlier disclosures dated February 15, 2024, and June 4, 2024, regarding the same property dispute.

The following table outlines the key details of the disclosure:

Sr. No.	Type of Disclosure	Details
a)	Change in status or development	The matter was listed for hearing on June 18, 2026, but was adjourned by the Hon'ble High Court of Gujarat to July 6, 2026. No adjudication on merits has occurred.
b)	Litigation against key management personnel	Not Applicable
c)	Settlement details	Not Applicable

The company confirmed that the information is also available on its website. Neha Mewara, Company Secretary & Compliance Officer, signed the disclosure on June 20, 2026.

Historical Stock Returns for Shashijit Infraprojects

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.84%	-11.43%	-17.80%	-42.89%	-69.22%	-93.36%

What are the potential financial or operational impacts on Shashijit Infraprojects if the legal dispute extends beyond the July 2026 hearing?

Could the prolonged litigation affect the company's ability to secure future leases or partnerships with municipal authorities?

How might the market react to the continued uncertainty surrounding the leased property dispute?

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Gujarat HC stays Shashijit arbitration proceedings until June 18

1 min read Updated on 04 Jun 2026, 07:41 PM

Reviewed by

Naman SScanX News Team

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AI Summary

Shashijit Infraprojects Limited disclosed that the Hon'ble High Court of Gujarat has issued a Common Oral Order staying its arbitration proceedings against Vapi Municipal Corporation. The stay, effective from June 2, 2026, will remain in force until the next hearing on June 18, 2026. The dispute involves a leased property, and the company confirms that no final decision has been reached regarding the merits of the case.

*this image is generated using AI for illustrative purposes only.

Shashijit Infraprojects Limited has informed the exchanges that the Hon'ble High Court of Gujarat has stayed the arbitration proceedings initiated by the company against Vapi Municipal Corporation. The Common Oral Order dated June 2, 2026, was received by the company on June 3, 2026, and halts the arbitration until the next hearing on June 18, 2026. The legal dispute concerns a leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika), where the company had initiated arbitration to protect and enforce its contractual rights.

The opposing party approached the High Court, resulting in the interim stay of the arbitration proceedings. The matter is currently pending adjudication before the Hon'ble High Court of Gujarat, and no final determination on the merits of the case has been made as of the date of this disclosure. The company had previously disclosed the dispute regarding the leased property.

Key Details of the Proceedings

The following table outlines the status and developments regarding the litigation:

Sr. No.	Type of Disclosure	Details
a)	Change in status and/or development	Referring to the Company's earlier disclosure regarding the dispute in relation to the leased property acquired from Vapi Municipal Corporation (erstwhile Vapi Nagar Palika), and in furtherance of the legal remedies contemplated by the Company, arbitration proceedings were subsequently initiated for protection and enforcement of the Company's contractual rights and interests. However, the opposing Party i.e. Vapi Municipal Corporation (erstwhile Vapi Nagar Palika) approached the Hon'ble High Court of Gujarat, and availed an Interim Common Oral Order dated 2nd June, 2026, staying the Arbitration proceeding initiated by the Company, until the next date of hearing i.e. 18th June, 2026. The matter is presently pending for adjudication before the Hon'ble High Court of Gujarat and no final determination on the merits of the case has been made as on the date of this disclosure.
b)	Litigation against key management personnel	Not Applicable
c)	Settlement details	Not Applicable

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Neha Mewara, Company Secretary & Compliance Officer, signed the filing on June 4, 2026.

Historical Stock Returns for Shashijit Infraprojects