Alfavision Overseas Gets High Court Notice on Land Bid
Alfavision Overseas India Ltd has informed BSE about receiving an admission notice from the High Court, Indore Bench, regarding its writ petition on a land acquisition matter. The petition concerns the company's bid to acquire 9.8 acres of land in Ujjain, for which it had received a Letter of Intent from MP Textile Corporation Ltd. The court has issued notice to respondents, directing the company to pay process fees within 7 working days and make notices returnable within 8 weeks. Alfavision is taking steps to comply with the court's directions and will update BSE on further developments.
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Alfavision Overseas India Ltd has notified BSE Limited about receiving an admission notice from the Honorable High Court, Bench at Indore, concerning its writ petition related to a land acquisition matter. The company filed this intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Land Acquisition Background
The matter pertains to the company's bid for acquiring 9.8 acres of land situated at Ujjain, which had yielded a Letter of Intent from MP Textile Corporation Ltd. The following details outline the land acquisition specifics:
| Parameter | Details |
|---|---|
| Land Area | 9.8 acres |
| Location | Ujjain |
| Letter of Intent No. | MPSTC/95/MNG/97/ASSETS/ITU/1384 |
| Letter Date | 28/11/1998 |
| Issuing Authority | MP Textile Corporation Ltd |
Court Proceedings Update
In connection with this land acquisition matter, the company had filed Writ Petition 30041/2022 before the Honorable High Court, Bench at Indore. The petition was listed for hearing on December 09, 2025.
The court proceedings have progressed as follows:
| Court Action | Timeline |
|---|---|
| Petition Filing | Writ Petition 30041/2022 |
| Listing Date | December 09, 2025 |
| Process Fee Payment | Within 7 working days via R.A.D. mode |
| Notice Return Period | Within 8 weeks |
Court Directions and Company Response
The Honorable Court heard the matter on the question of admission and has issued notice to the respondents. The court has specifically directed that the process fee be paid by R.A.D. mode within seven working days. Additionally, the notices have been made returnable within eight weeks.
Alfavision Overseas India has confirmed that it is taking necessary steps to comply with the directions of the Honorable Court. The company has assured that it will keep BSE informed of any further material developments in this matter as they unfold.
Regulatory Compliance
This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions. The notice was signed by Devi Dayal, Company Secretary and Compliance Officer, on December 18, 2025.
Historical Stock Returns for Alfavision Overseas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.30% | +9.63% | -16.50% | -42.21% | -61.93% | +19.29% |
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