Titan Biotech Ltd

• Company informed BSE about material litigation. • Litigation initiated by Ingenious Solutions Pvt Ltd via arbitration. • Claim amount approx Rs. 10.62 lakh plus GST. • Litigation involves all directors and key personnel.

⚖️ Nature of Litigation
- The company has informed the stock exchange about a significant legal dispute.
- Ingenious Solutions Pvt Ltd has invoked arbitration proceedings.
- The claim is against the company, all directors, and key managerial personnel.

💰 Financial Details
- Total claimed amount is Rs. 10,62,410 plus GST.
- Breakdown: Balance outstanding Rs. 9,13,920 (excluding GST), compounded interest Rs. 98,490 (excluding GST), and compensation Rs. 50,000 (excluding GST).

📄 Regulatory Compliance & Disclosure
- This disclosure is in accordance with SEBI Listing Regulations on materiality and transparency.
- The company will continue to update on any changes or developments related to the litigation.

🔍 Implications for Investors
- Material litigation may impact the company's finances and reputation depending on the outcome.
- The claim involves a notable financial figure (~Rs. 10.6 lakh plus GST), which investors may consider while evaluating company risks.

🧐 Neutral Perception
- This news informs investors about ongoing legal matters but does not provide details on the company's defense or outcome.
- It signals transparency in disclosure but does not directly indicate business performance changes.