Fraser & Company Limited Resolves Rs. 8 Crore Dispute with Shradha Landmark Through Cash and Property Settlement

Fraser & Company Limited has successfully concluded a settlement agreement with Shradha Landmark Private Limited, resolving a long-standing dispute over pending invoices worth Rs. 8.00 crores. The settlement, which follows an order from the National Company Law Appellate Tribunal (NCLAT) dated September 3, 2025, marks a significant development for the company.

Settlement Terms

The agreement, executed on September 18, 2025, outlines a two-part payment structure:

1. Cash Payment: A sum of Rs. 4.00 crores has been paid via demand draft. This amount was received and credited to Fraser & Company's account on September 21, 2025.

2. Property Transfer: The remaining Rs. 4.00 crores will be settled through the transfer of four 2-BHK flats in Shiv Mangal Residency, located in Bhandup, Mumbai.

Background of the Dispute

The dispute originated from trade receivables dating back to 2017-18. Fraser & Company initiated litigation in the National Company Law Tribunal (NCLT) in 2023, which was admitted in August 2025. The recent settlement comes as a resolution to this ongoing legal process.

Property Details

The four flats to be transferred are part of the Shiv Mangal Residency project, which has the RERA Registration Number P51800051741. The property is described as a redevelopment of the "Shiv Mangal Co-Operative Housing Society Limited" and is situated on Plot No.10 of Friends Housing Colony, Bhandup (E), Mumbai-400042.

Timeline and Expectations

• Possession of Flats: Fraser & Company expects to receive possession of the flats by December 22, 2025.
• Occupational Certificate: The company anticipates obtaining the occupational certificate for the flats by March 22, 2026.

Financial Implications

Fraser & Company has disclosed that it has approximately Rs. 5.00 crores in payables to operational creditors against these settlement receipts. This information provides context to the company's financial position following the settlement.

Corporate Insolvency Resolution Process (CIRP)

As part of the settlement agreement, the CIRP initiated against Shradha Landmark Private Limited is set to be withdrawn, subject to certain conditions. This development marks the end of the insolvency proceedings related to this dispute.

Management Statement

Omkar Rajkumar Shivhare, Managing Director of Fraser & Company Limited, signed the disclosure, emphasizing the company's commitment to resolving the dispute and securing the transaction in favor of Fraser & Company Limited.

This settlement represents a significant resolution for Fraser & Company Limited, potentially improving its financial position and reducing legal uncertainties. Investors and stakeholders will likely monitor the completion of the property transfer and its impact on the company's future financial statements.