24-Jun-2026 17:45:40
SHILPA MEDICARE LIMITED : SETTLEMENT AGREEMENT FOR RS 9 CR
• Shilpa Biologicals Pvt. Ltd. and Sartorius Stedim India Pvt. Ltd. entered into a settlement agreement before the Hon'ble XI Addl. City Civil and Sessions Court, Commercial Court, Bengaluru. • The agreement was executed on 23rd June 2026 for a settlement amount of Rs.9,00,00,000. • Sartorius had alleged a claim of Rs. 20,13,47,308 and applicable interest. • The settlement amount was paid by Shilpa Biologicals Pvt. Ltd to Sartorius Stedim India Pvt. Ltd. • Details of the dispute and settlement are enclosed as Annexure A. • The information is also available on the company website www.vbshilpa.com. Impact: Neutral (Settlement of a legal dispute within the stated amount, no significant financial impact indicated)
Shilpa Medicare Ltd
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