Honasa Consumer (HONASA) — Announcement

📢 Key Event
Dubai Cassation Court dismisses appeals, upholds AED 1.7 million award to RSM

🔄 What Changed
Cassation Court upheld Court of Appeal's AED 1.7 million award while rejecting RSM's AED 45 million claim

💡 Investor Takeaway
The ruling ends the Dubai litigation phase but maintains the AED 1.7 million liability, though the company expects no financial impact due to its Indian arbitral award.

Honasa Consumer Limited disclosed a Dubai Cassation Court judgment dismissing appeals in its dispute with RSM General Trading LLC, upholding a AED 1,707,407.06 (INR 4,43,12,369) award to RSM for material and moral damages, while rejecting RSM's claim for AED 45 million and confirming an Indian arbitral award that permanently bars RSM from further Dubai litigation and requires it to pay any future recoveries to Honasa, with no expected financial impact on the company.

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About Honasa Consumer Limited (HONASA)

Services · Trading · Listed on NSE

Market Cap: ₹15,676.87 Cr P/E: 62.9 ROE: 21.1% ROCE: 28.3% Div Yield: 0.62%

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