Electrosteel Castings informs about disclosure
In continuation of intimation dated 25 January 2024, Electrosteel Castings has informed that vide its judgement dated 6 January 2026, the Hon’ble Supreme Court has upheld the judgment dated 24 January 2024 of the Hon’ble National Company Law Appellate Tribunal (NCLAT) by which the dismissal of the application of UV Asset Reconstruction Company Limited against the Company under Section 7 of the Insolvency and Bankruptcy Code, 2016 was upheld by reaffirming that the Company cannot be treated as a guarantor for financial facilities availed by Electrosteel Steels Limited (ESL). The Hon’ble Supreme Court has also held the finding of the Hon’ble NCLAT that the approval and / or implementation of the Resolution Plan of Vedanta for ESL does not result in extinguishment of the entire debt so as to bar any claim against Third Security Providers.
The above information is a part of company’s filings submitted to BSE.
