Special Civil Suit shared against the company; claim valued at Rs. 4,60,00,000 for court jurisdiction

Krishanveer Forge has informed BSE it has become party to Special Civil Suit No. 189/2026 shared by Ms. Usha Dattatraya Khatpe and Others in the Court of Civil Judge, Senior Division at Khed, Pune.

Sat 10 Oct 2026

Suit Reference

Special Civil Suit No. 189/2026

Claim Valuation

Rs. 4,60,00,000

Relief Sought

1/3rd undivided share in land at Gat No. 357/105; Sale Deed dated 01.11.1991 and Mutation Entry No. 4147 challenged as void

What the company disclosed

Krishanveer Forge Ltd has informed BSE that it has become party to a litigation - Special Civil Suit No. 189/2026 - shared by Ms. Usha Dattatraya Khatpe and Others in the Court of Civil Judge, Senior Division at Khed, Rajgurunagar, Pune.

What the plaintiffs are seeking

• A declaration that the Sale Deed dated 01.11.1991 (Registration No. 1641 of 1991) and Mutation Entry No. 4147 are void and not binding on their alleged ancestral share.
• A 1/3rd undivided share, admeasuring approximately 0 Hectare 53 R, in the land parcel bearing Gat No. 357/105, which admeasures 1 Hectare 60 R, at Village Kharabwadi, Taluka Khed, Pune.
• Partition, separate possession and mesne profits.

The amount in question

• The plaintiffs have valued the claim at Rs. 4,60,00,000/- (Rupees Four Crore Sixty Lakh).
• The company states that this valuation was made by the plaintiffs for the purpose of determining the pecuniary jurisdiction of the Court, and that the figure is not endorsed or accepted by the company.

The company's stated position

• It says the financial implications are currently restricted to legal defence costs.
• Based on a preliminary evaluation of the three-decade-old transaction history and on consultation with legal counsel, it states it has strong grounds to defend its title on merits.
• It states that no materialised financial risk or operational disruptions are anticipated at this stage.
• It is preparing to file its written statement and intends to contest the matter vigorously and take appropriate legal action.

Why the intimation came now

• The company was earlier served a general judicial summons/notice of appearance on October 03, 2026 to appear in court on October 06, 2026, without a copy of the plaint or statement of claims.
• The complete copy of the plaint was received over email through its Advocate on October 10, 2026 at 10.42 AM, after which the quantum of the claim was identified and this first formal intimation was submitted within 24 hours.

How a reader might look at it

• The dispute concerns title over land covered by a sale deed executed in 1991; the plaintiffs' case rests on an alleged ancestral share.
• A claim being valued at a particular amount for court jurisdiction is a step tied to the court's pecuniary jurisdiction; the company has said it does not accept that figure.
• The company's own stated assessment at this stage is that the impact is limited to legal defence costs.
• The suit is pending, and the plaintiffs' claims and the company's defences would be tested in the court proceedings.

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