Litigation update
As filed · Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
RegulatoryNotablemateriality 61 out of 100
What happened
FactDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Registered Office: 394-C, Ground Floor, Lamington Chambers, Lamington Road, Mumbai – 400004, India.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
WithdrawnEarlierQ1 FY27
ICONiQ will go from a level of 10.7 million cases.
NowQ1 FY27
I feel that brand has enough headroom to grow in states like Karnataka, Telangana, and Andhra Pradesh.
Change
FactGuidance withdrawn
Implication
CapitSignal interpretationDetected a change between two statements on this topic.confidence 60%
Watch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- Strategic investments to optimize supply chain and enhance Gross Margins by 300 bps over 2-3 years (management committed by FY28)
- we feel that the turnover that we clocked in FY26 was top line of ~₹40 crores, which we expect to double in FY (management committed by FY27)
Evidence
- Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY26
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%