Harrisons Malayalam Limited, a prominent player in the plantation industry, has provided a significant update regarding a pending litigation that was previously disclosed in January 2025. The case concerns a Writ Appeal (No. 109 of 2025) filed by the company against a ruling by the Hon'ble High Court of Kerala, which dealt with the acquisition of land by the government under the Disaster Management Act, 2005.

The legal proceedings involve a dispute over whether the government has the authority to acquire private land permanently in connection with disaster management activities. The matter was brought before the Division Bench of the Kerala High Court on March 24, 2025. The court acknowledged the affidavit submitted by the Principal Secretary of the Revenue and Disaster Management Department of Kerala, which clarified that the land in question is not currently required by the government. The affidavit further stated that the land would be considered for acquisition only if the need arises in the future.

Additionally, the Advocate General representing the Kerala government indicated that the necessary application would be made to the court if the land is required at a later date. Following this, the court issued a ruling on the same day, stating that there was no immediate need to consider interim relief regarding the possession of the property.

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Harrisons Malayalam is now providing an update on the status of this case. The company faced a slight delay in disclosing the outcome of the hearing to the stock exchanges, which was due to the time required for internal verification and a thorough assessment of the implications of the court order. The intimation was made as soon as the internal review process was completed, and the update was officially communicated to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on April 2, 2025.

The litigation centers on the legality of the government’s ability to acquire private land under the Disaster Management Act, which, according to the earlier ruling by the single judge bench, could allow for permanent acquisition by invoking the provisions of the Act. Harrisons Malayalam’s appeal to the Division Bench seeks to contest this interpretation. The company had previously disclosed this litigation matter on January 25, 2025, and is committed to keeping its stakeholders informed about significant developments in the case.

There was no direct litigation involving key management personnel or the promoter of the company, and no settlement has been reached at this stage. The disclosure did not mention any compensation or penalty related to the case. The company continues to follow all required legal protocols and regulatory disclosures under SEBI guidelines to maintain transparency with its investors and the market.

As of the latest update, the Kerala High Court has not made a final decision on the matter, and the company is awaiting further developments. Harrisons Malayalam is committed to keeping all its stakeholders informed about the progress of this case and any future legal or regulatory developments.

This disclosure is in compliance with SEBI regulations, ensuring transparency in reporting pending litigation matters. The company’s leadership remains confident in the outcome of this case and is dedicated to safeguarding its interests while following due legal process.

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