KRBL CFO Ashish Jain Discusses Middle East Exposure in NDTV Profit Interview

1 min read     Updated on 05 Mar 2026, 06:09 PM
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Reviewed by
Radhika SScanX News Team
Overview

KRBL Limited's CFO Ashish Jain participated in a media interaction with NDTV Profit on March 05, 2026, discussing the company's Middle East exposure amid ongoing regional conflict. The company disclosed this information under SEBI regulations, with the filing signed by Joint Managing Director Anoop Kumar Gupta, demonstrating the company's commitment to transparency during geopolitical uncertainty.

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KRBL Limited's Chief Financial Officer Mr. Ashish Jain participated in a media interaction with NDTV Profit on March 05, 2026, to discuss the company's exposure amid the ongoing Middle East conflict. The company disclosed this development through a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Media Interaction Details

The media interaction was specifically focused on KRBL's exposure in light of the ongoing conflict in the Middle East. The discussion aimed to provide clarity on how the geopolitical situation might impact the company's operations and business interests in the region.

Parameter: Details
Date: March 05, 2026
Media Partner: NDTV Profit
Company Representative: Mr. Ashish Jain, CFO
Topic: Middle East exposure amid ongoing conflict

Regulatory Compliance

The company fulfilled its disclosure obligations by informing both the Bombay Stock Exchange and National Stock Exchange about the media interaction. The filing was signed by Joint Managing Director Anoop Kumar Gupta and submitted to ensure transparency with stakeholders.

Corporate Communication

The media interaction represents KRBL's commitment to maintaining open communication with investors and stakeholders during times of geopolitical uncertainty. By proactively addressing questions about Middle East exposure, the company demonstrates its focus on transparency and stakeholder engagement.

Historical Stock Returns for KRBL

1 Day5 Days1 Month6 Months1 Year5 Years
+4.04%-4.84%-8.37%-26.86%+32.16%+68.71%

KRBL Limited Faces Adverse Arbitral Award Worth SAR 30.99 Million and USD 21.51 Million

2 min read     Updated on 27 Feb 2026, 04:54 PM
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Reviewed by
Shriram SScanX News Team
Overview

KRBL Limited disclosed an adverse arbitral tribunal award on February 27, 2026, requiring payment of SAR 30,990,241.25 and USD 21,51,399.15 plus interest to Reliable Trading Company. The dispute arose from KRBL's termination of distributorship agreements dated January 14, 2022, and May 21, 2022. The company is seeking legal advice to challenge the award under Section 34 of the Arbitration and Conciliation Act, 1996, within the statutory time limit.

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KRBL Limited has received an adverse arbitral tribunal award requiring substantial financial compensation following a distributorship agreement dispute. The company disclosed this development through a regulatory filing dated February 27, 2026, pursuant to SEBI listing regulations.

Arbitration Background and Proceedings

The arbitration proceedings were initiated by Reliable Trading Company (formerly known as Al Quraishi Marketing Co. Limited) under Section 9 of the Arbitration and Conciliation Act, 1996. The dispute arose from KRBL's decision to terminate distributorship agreements that were executed on specific dates in 2022.

Parameter: Details
Opposing Party: Reliable Trading Company (RTC)
Proceeding Type: Arbitration under Arbitration and Conciliation Act, 1996
Seat of Arbitration: New Delhi, India
Governing Rules: Delhi International Arbitration Centre Rules, 2023
Tribunal Composition: 3-member Arbitral Tribunal
Award Date: February 26, 2026

The arbitration was conducted in accordance with Delhi International Arbitration Centre (Arbitration Proceedings) Rules, 2023, with proceedings overseen by a three-member arbitral tribunal.

Financial Implications of the Award

The arbitral tribunal delivered its final award on February 26, 2026, ruling in favor of Reliable Trading Company. The tribunal found that neither party committed fraud or willful misconduct during the course of their business relationship.

Financial Obligation: Amount
Saudi Arabian Riyal: SAR 30,990,241.25
US Dollar: USD 21,51,399.15
Additional Component: Interest (rate not specified)

The award represents a significant financial liability for KRBL, encompassing compensation in two major currencies along with applicable interest charges.

Dispute Details and Termination Context

The arbitration proceedings centered on KRBL's termination of distributorship agreements with Reliable Trading Company. The specific agreements in question were executed on January 14, 2022, and May 21, 2022. Reliable Trading Company sought damages and compensation related to the termination of these commercial arrangements.

The company had previously informed stock exchanges about the initiation of these proceedings through a communication reference KRBL/SE/2023-24/84 dated February 06, 2024.

Legal Response and Next Steps

KRBL has indicated its intention to challenge the arbitral award through available legal remedies. The company is currently in the process of obtaining legal advice to pursue an appeal under Section 34 of the Arbitration and Conciliation Act, 1996.

Key aspects of KRBL's planned response include:

  • Seeking comprehensive legal counsel on challenge prospects
  • Filing the challenge within statutory time limits as prescribed by law
  • Pursuing all available legal remedies to contest the award

The company received the official copy of the arbitral award on February 26, 2026, and disclosed this information to stock exchanges on February 27, 2026, in compliance with regulatory requirements under SEBI listing obligations.

Historical Stock Returns for KRBL

1 Day5 Days1 Month6 Months1 Year5 Years
+4.04%-4.84%-8.37%-26.86%+32.16%+68.71%

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1 Year Returns:+32.16%