Harish Textile Engineers Limited , a company listed on the Indian stock exchanges, has received a legal notice from one of its suppliers, Electrosil 14 Systems. The notice alleges that the company has defaulted on Non-Convertible Debentures (NCDs) worth Rs. 9,25,000 and dishonored cheques.

Details of the Legal Notice

The legal notice from Electrosil 14 Systems includes the following key points:

Company's Response

Harish Textile Engineers has acknowledged the receipt of the legal notice and provided the following statement:

1. The matter is currently under legal review.
2. The company maintains that at this stage, there is no material impact on its financial or operational activities.

Implications and Next Steps

While the company asserts that there is no material impact at present, the situation warrants attention from investors and stakeholders. Legal notices of this nature can potentially lead to further legal proceedings if not resolved satisfactorily.

It's important to note that the company's statement about the lack of material impact is based on their current assessment. As the situation develops, there may be updates or changes to this stance.

Investors and interested parties should keep an eye out for any further announcements or disclosures from Harish Textile Engineers Limited regarding this matter. The resolution of this issue, whether through payment, legal proceedings, or other means, could have implications for the company's financial standing and reputation.

As always, it's advisable for investors to consider such developments in the context of their overall investment strategy and risk tolerance.

Harish Textile Engineers Limited , a textile machinery manufacturer, continues to navigate legal proceedings as the National Company Law Tribunal (NCLT) Mumbai has issued new directions in the creditor dispute case filed by M/s. Kamlesh Corporation.

Latest NCLT Developments

The company received an Order Sheet dated November 28, 2025, through email from the NCLT Mumbai Bench on December 11, 2025. The tribunal has granted specific timelines and directions to both parties in the ongoing case.

Key Tribunal Directions

The NCLT has provided structured timelines for case proceedings:

• Creditor Timeline: M/s. Kamlesh Corporation has been granted 15 days to complete Dasti service of the application and order upon the company
• Service Affidavit: The creditor must file an affidavit of service after completing the service process
• Company Response: Harish Textile Engineers has been directed to file its reply within 7 days from the date of receipt of served documents
• Hearing Schedule: The matter has been adjourned and re-listed for January 5, 2026

Case Background and Current Status

The dispute centers around alleged outstanding dues payable to M/s. Kamlesh Corporation. The company maintains its position that there is no material impact on its financial, operational, or other business activities at this stage.

Company's Response Strategy

Harish Textile Engineers has acknowledged the tribunal's directions and stated it will act in consultation with its advocate and legal counsel. The company is seeking appropriate legal advice to respond at the scheduled hearing.

The management has emphasized that the company will attend and respond at the scheduled hearing accordingly, demonstrating its commitment to addressing the legal proceedings through proper channels.

Regulatory Compliance

The company has maintained transparency by promptly disclosing this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure demonstrates adherence to corporate governance practices and regulatory compliance requirements.

As the case progresses toward the January 2026 hearing, stakeholders will be watching for the company's formal response and any potential resolution between the parties involved.