IndiaMART InterMESH Limited has officially notified stock exchanges about its upcoming board meeting scheduled for January 20, 2026, where directors will deliberate on the company's third quarter financial performance for fiscal year 2026.

Board Meeting Details

The company has communicated to both BSE Limited and National Stock Exchange of India Limited regarding the board meeting arrangements. The meeting agenda focuses on reviewing and approving crucial financial documents for the reporting period.

Trading Window Restrictions

IndiaMART InterMESH has implemented mandatory trading restrictions in accordance with insider trading prevention protocols. The company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their Immediate Relatives governs these restrictions.

Regulatory Compliance Framework

The notification demonstrates the company's adherence to SEBI listing obligations and disclosure requirements. Vasudha Bagri, serving as Compliance Officer with membership number A28500, has signed the official communication dated January 13, 2026.

The company maintains its registered office at 6th floor, Tower 2, Assotech Business Cresterra, Plot No.22, Sector 135, Noida-201305, Uttar Pradesh. Both BSE (stock code: 542726) and NSE (stock code: INDIAMART) have received the formal intimation regarding these corporate developments.

Market Communication Protocol

The structured approach to financial result disclosure reflects standard corporate governance practices. The 48-hour post-announcement window provides adequate time for market participants to process the financial information before trading restrictions are lifted.

IndiaMART InterMesh has initiated legal proceedings against OpenAI at the Calcutta High Court, alleging discriminatory exclusion from ChatGPT's search results. The prominent business-to-business platform claims this exclusion has caused significant reputational and commercial damage while other e-commerce platforms continue to appear in AI-generated responses.

Court Proceedings and Judicial Observations

On December 24, Justice Ravi Krishan Kapur heard the matter and made several key observations regarding the case. The court found that IndiaMART had established a strong prima facie case against OpenAI, acknowledging that continued exclusion could result in commercial injury.

The court specifically noted: "In view of the above, it prima facie appears that the petitioner is being selectively discriminated and unjustifiably excluded without any logic. Inevitably, there is loss of goodwill, reputation and commercial injury which is being caused to the petitioner."

IndiaMART's Legal Claims and Company Profile

The company, which operates in over 40 countries with thousands of employees, has raised multiple legal grounds for its lawsuit. IndiaMART argues that OpenAI's actions constitute several forms of commercial harm and unfair business practices. The company's trademark 'IndiaMART' is recognized as a well-known mark under the Trade Marks Act, 1999.

The legal claims include:

• Trade libel through implied disparagement
• Dilution of trademark rights
• Injurious falsehood
• Unfair competition practices

USTR Report Controversy and Selective Treatment

IndiaMART claims that OpenAI relied on reports from the US Trade Representative's office to justify the exclusion. The company argues it was never given notice or an opportunity to respond to allegations in the USTR report, raising procedural fairness concerns.

A significant aspect of the case involves selective treatment allegations. Other entities named in the same USTR reports for counterfeiting and piracy, including DHgate, Pinduoduo, Shopee, and Taobao, continue to appear in ChatGPT responses, highlighting potential inconsistencies in OpenAI's exclusion policies.

Court's Decision on Interim Relief

Despite finding merit in IndiaMART's arguments, Justice Kapur refused to grant interim relief. The court stated that granting relief at this juncture would effectively be a final order, which cannot be done without hearing the respondents. OpenAI remained unrepresented in the proceedings despite being served.

Next Steps

The court has directed IndiaMART's counsel to effect fresh service to OpenAI to ensure proper representation in future proceedings. The matter is scheduled for the next hearing on January 13, 2026, when both parties are expected to present their complete arguments before the court.