New Light Industries Limited has withdrawn its civil suit against Google LLC, YouTube, and 23 YouTube channels that was filed before the Hon'ble High Court of Delhi. The company announced this development through a regulatory disclosure dated 27 February 2026, informing the BSE about the disposal of the legal proceedings.

Case Background and Withdrawal

The civil suit, numbered CS(OS) 224 of 2024, was originally instituted on 24 March 2025 against Google LLC, YouTube, and 23 YouTube channels. The case was filed in connection with the circulation of unsolicited videos on social media platforms, with allegations of defamation and dissemination of damaging content against the company.

After due review and deliberation, the company's management unanimously resolved to withdraw the suit. The Hon'ble High Court of Delhi, through its order dated 13 January 2026, officially recorded that "the suit is dismissed as withdrawn."

Court Proceedings and Resolution

During the court proceedings on 13 January 2026, the plaintiff's counsel Ms. Vedika Dalmia informed Justice Vikas Mahajan that most of the offending videos had been taken down by the defendants, leading to the company's decision to withdraw the case.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, New Light Industries Limited has complied with the requirements of SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11 November 2024 by providing detailed information about the case disposal.

Settlement Details

According to the regulatory filing, the civil suit has been dismissed as withdrawn, with no specific settlement terms, compensation, or penalty mentioned. The company indicated that the primary reason for withdrawal was that most of the offending videos had been removed by the defendants, effectively addressing the original concerns that led to the litigation.

The disclosure was signed by Himanshi Sharma, Managing Director of New Light Industries Limited, confirming the company's commitment to maintaining transparency with its stakeholders regarding significant legal developments.

New Light Industries Limited has announced its unaudited financial results for Q3FY26 ended December 31, 2025, alongside strategic expansion plans into the automobile parts sector. The Board of Directors meeting held on February 12, 2026, approved both the quarterly results and a significant business diversification initiative.

Financial Performance Overview

The company's Q3FY26 financial performance showed mixed results compared to the previous year. Revenue from operations stood at ₹138.92 lakhs for the quarter, significantly lower than ₹773.20 lakhs reported in Q3FY25.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹585.69 lakhs compared to ₹1,387.63 lakhs in the corresponding period of the previous year. Net profit for the nine-month period was ₹33.54 lakhs against ₹90.89 lakhs in the previous year.

Strategic Expansion into Automobile Sector

The Board approved a significant strategic initiative to diversify into the automobile parts sector. The company has identified Jonquil Global Private Limited as a potential acquisition target to facilitate this expansion.

The proposed acquisition is subject to comprehensive due diligence and receipt of necessary statutory and regulatory approvals. The company cited favorable domestic and international market conditions in the auto parts industry as the rationale for this strategic move.

Operational Highlights

The company's expense management showed improvement with total expenses of ₹137.11 lakhs in Q3FY26 compared to ₹718.70 lakhs in Q3FY25. Key expense categories included:

• Purchase of stock in trade: ₹89.81 lakhs
• Employee benefit expenses: ₹5.83 lakhs
• Other expenses: ₹9.60 lakhs
• Depreciation and amortization: ₹1.13 lakhs

The company operates primarily within a single business and geographical segment, with no additional segment disclosures required. The financial results were prepared in accordance with Indian Accounting Standards and reviewed by the Audit Committee before Board approval.