PBM Polytex Limited has informed BSE about an Industrial Tribunal order that creates a contingent liability of Rs 1.50 crore for the textile company. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015 on January 30, 2026.

Industrial Tribunal Order Details

The Industrial Tribunal of Madhya Pradesh, Indore passed an order on January 29, 2026, in favor of two labor unions. The dispute originated from wage revision demands raised by Kamgar Sangh PBM (BMS Union) and Sangharsh Karmgar Sangh (CIT Union) at the company's unit 'BLP Super Spinners'.

Financial Impact Assessment

The tribunal's decision creates significant financial implications for PBM Polytex. The estimated contingent liability amounts to Rs 1.50 crore, though the company has taken proactive measures to address this exposure.

The company had already made provisions of around Rs 73 lacs in earlier years against this potential liability, demonstrating prudent financial management and anticipation of possible adverse outcomes.

Company's Response Strategy

PBM Polytex is not accepting the tribunal's decision and has outlined its legal strategy. The company is examining the order in consultation with its legal advisors and plans to file an appeal before the Madhya Pradesh High Court, challenging the Industrial Tribunal's ruling.

This legal challenge indicates the company's confidence in its position and willingness to pursue all available legal remedies to contest the wage revision demands made by the unions.

Regulatory Compliance

The disclosure was made pursuant to SEBI circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, and was signed by Company Secretary and Compliance Officer Swati Billore. The timely disclosure demonstrates the company's commitment to maintaining transparency with stakeholders regarding material developments that could impact its financial position.

PBM Polytex Limited has issued a clarification regarding the delayed disclosure of its land sale transaction worth ₹6.22 crores, acknowledging a compliance oversight in reporting the material event under SEBI regulations.

Land Sale Transaction Details

The company sold land measuring approximately 11,800 square meters located in Nagpur district, Maharashtra. The transaction details were initially disclosed on December 17, 2025, under Regulation 30 of SEBI (LODR) Regulations, 2015.

Compliance Oversight Explanation

In a clarification filed on December 20, 2025, PBM Polytex acknowledged a genuine oversight in not promptly recognizing the transaction as a material event requiring immediate intimation under Regulation 30. The company attributed the delay to misclassification of the transaction's significance.

Transaction Structure and Buyer Details

The buyer of the land is Luvkush Corporation Private Limited (CIN: U45201MH2010PTC203375). The company confirmed that this represents an arm's length transaction with no promoter group connections.

Corrective Measures and Future Compliance

Company Secretary and Compliance Officer Swati Billore assured stakeholders that robust internal controls and training protocols are being implemented immediately to prevent such oversights in the future. The management team has committed to full adherence with SEBI LODR timelines going forward.

The company clarified that no intentional lapse or external factors contributed to the delay, emphasizing that it stemmed purely from an inadvertent compliance gap. The December 20, 2025 announcement serves as the corrective disclosure for this oversight.