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BSE SENSEX
73,852.94
+114.49
+0.16 %
Corporate Announcement
Security Code
514162
Company
Welspun Living Ltd
Exchange Received Time
29/10/2019 14:32:39
Exchange Disseminated Time
29/10/2019 14:32:49
Time Taken
00:00:10
Final Approval For Settlement Agreement |
10/29/2019 2:32:40 PM
In continuation of our disclosure dated 03rd July 2019, the Company received final approval from the trial court for its Settlement Agreement on 28th October, 2019 which is intended to resolve all pending legal claims in the United States concerning past marketing and labeling of the Company's premium cotton home textile products. The provision already made by the Company based on expert advice during quarter ended 31st March, 2019 remains unchanged and adequate. A press release in this regard is being sent to the media and a copy of the release is attached herewith.
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