Precot Limited, a leading textile manufacturer, has approached the Honourable Supreme Court of India by filing a writ petition seeking arbitration in an international commercial dispute. The case revolves around contractual disagreements with Vishnupriya Farms Private Ltd and two other parties, stemming from the cancellation of a Shareholder’s Agreement and a Share Purchase Agreement that were tied to a Power Consumption Agreement.

The writ petition was officially filed online under case number ECSCIN01064682025, with Diary No. 8563/2025, and is currently pending before the Supreme Court of India. Through this legal action, Precot Limited is seeking the appointment of a sole arbitrator in accordance with the arbitration clause outlined in the Shareholder’s Agreement. The company has requested that the arbitration proceedings be conducted in New Delhi, as per the contractual terms.

The dispute involves power consumption obligations, contractual commitments, and financial interests between the involved parties. However, the exact quantum of financial claims, penalties, or compensations will only be determined after the appointment of an arbitrator and the final award decision. The arbitration process is expected to provide clarity on financial liabilities and compensation, if any.

This legal move by Precot Limited highlights the company's commitment to resolving corporate disputes through arbitration, ensuring compliance with contractual obligations and maintaining business integrity. The case outcome will be closely monitored by investors, stakeholders, and legal experts, as it could impact corporate governance and dispute resolution mechanisms in commercial agreements.

Precot Limited has confirmed that it will keep shareholders and regulatory authorities informed about further developments in compliance with SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015.

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