High Court Boost For Shri Vasuprada’s Rubber Operations

Shri Vasuprada Plantations Limited has informed the stock exchange that the Kerala High Court at Ernakulam has ruled in its favour in a matter related to rubber plantations in the state. The case involved the State of Kerala, the Forest & Wildlife Department and Conservator of Forests, Thrissur, among others, arising from earlier restrictions on felling and replanting rubber trees.

Reframed Key Pointers

• The High Court has permitted the company to cut, remove and replant rubber trees in its estates under IA No. 1 of 2025 in WA No. 599 of 2020.
• The court has recalled its earlier direction requiring Shri Vasuprada to deposit the entire sale proceeds of cut trees with the Forest Department.
• The company will now file a statement of accounts on a quarterly basis with the Forest Department, ensuring transparency on proceeds and activities.
• Forest officials have been asked to oversee the cutting, removal and replanting of trees, adding an additional layer of monitoring.
• Management expects the judgment to positively impact the company’s operations and overall financial position going forward.
• The company has stated that the disclosure is also available on its website.

Sources: Shri Vasuprada Plantations Limited filing to BSE, company website