Matter of Vespera Fund Limited v. Vespera Fund Limited, Warrant Holder, requested to Securities Appellate…
As filed · Updates
What happened
Factmatter of Vespera Fund Limited v. Vespera Fund Limited, Warrant Holder, requested to Securities Appellate Tribunal, Mumbai. The Securities Appellate Tribunal (SAT), Mumbai has, vide its Order.
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.
Margins
RevisedThe Jumbo Laminates business recorded Revenue of Rs. 110 million during the quarter and reported an EBITDA margin of 20.6%.
EBITDA was Rs. 182 million with an EBITDA margin of 7.9%.
Change
FactImplication
CapitSignal interpretationMargins
RevisedMDF EBITDA for the quarter was INR 233 million with an EBITDA margin of 14%.
For FY26, MDF revenue was INR 6,091 million, while EBITDA was 601 million with an EBITDA percentage of 9.9%.
Change
FactImplication
CapitSignal interpretationMargins
RevisedCapacity utilization for the year was 75%.
Capacity utilization remained above 91% during the quarter.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- So in the first year, when we talk optimal capacity of Jumbo projects with both the phases implemented, then t (management committed by FY27)
- And when we are saying a total turnover of 250 or 270. That means on the first year, suppose when we start the (management committed by FY27)
Evidence
- Rushil Decor Limited has informed the Exchange regarding 'Update on Order passed by Securities Appellate Tribunal (SAT), Mumbai in the matter of Vespera Fund Limited v. SEBI & Ors'.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q4 FY26
- Latest statement · Q4 FY26
- Earlier statement · Q4 FY26
- Latest statement · Q4 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%