With reference to Price Variation, Ravi Kumar Distilleries has clarified that nothing has happened as far as operations of our company are concerned in the last 2-3 months which can have any impact on the performance / operations of the company. Without prejudice to the above, they wish to inform you that following legal proceedings were initiated against Anil Agrawal, Comfort Intech And Comfort Securities by the Company and the recent development is the Supreme Court of India has ordered to issue notice and granted liberty to serve the standing counsel for the State of Maharashtra in the matter of SLP filed by the Company, arising out of final impugned judgment and order dated 08.12.2014 passed by the High Court of Judicature at Bombay in Writ Petition No. 2059 of 2014 pertaining to FIR of Economic Offence Wing, Mumbai against Anil Agrawal, Comfort Intech And Comfort Securities and the Suit filed by First Financial Services Private, Chennai against the company has been disposed off in favour of the Company. Other suits and complaints filed by the company are pending before the courts and investigation by the Police Authorities and these proceedings were initiated and I or pending since two years and have no direct bearing on the performance / operations of the company which can have any bearing on the price of the shares of the company.
The above information is a part of company’s filings submitted to BSE.
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