Mumbai, February 3, 2026: Hindustan Organic Chemicals Limited (HOCL) has brought to an end a long-running legal dispute with its Mumbai landlord after remitting ₹41.02 crore, in compliance with an order of the Hon’ble Supreme Court of India.
The dispute, which dates back more than 25 years, involved leased office premises in Mumbai owned by M/s Harchandrai & Sons. The matter had been litigated across multiple courts over two and a half decades before reaching finality at the Supreme Court.
In an order dated May 6, 2025, and received by the company on July 28, 2025, the Supreme Court directed HOCL to pay the disputed rent along with interest at a reduced rate of 6 percent per annum, calculated on a simple interest basis. The company subsequently filed a Special Leave Petition and obtained a six-month extension to comply with the payment directive.
HOCL confirmed that the payment was remitted today at the Court of Small Causes, Mumbai, thereby fully complying with the apex court’s directions. With this payment, the litigation stands formally closed.
The company disclosed the development to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III, Part A, which mandates disclosure of material legal events.
According to the disclosure, the case was a landlord-tenant dispute and does not have any operational impact on the company’s business activities. However, it carries a quantified financial implication of ₹41.02 crore.
HOCL stated that the intimation was being submitted to the stock exchange for information and dissemination, in line with regulatory requirements.