Netlink Solutions (India) Ltd has confirmed that Messe Frankfurt Trade Fairs India Pvt Ltd has initiated arbitration proceedings against the company. In its disclosure to the exchanges, Netlink clarified that it does not expect any material adverse impact on its operations or financial position as a result of the proceedings.
The arbitration relates to commercial arrangements between the two parties, though specific details have not been disclosed publicly. Netlink Solutions, which operates in publishing, exhibitions, and digital media, emphasized that its business continuity remains unaffected. The company reassured stakeholders that it is fully compliant with SEBI’s Listing Obligations and Disclosure Requirements (LODR) regulations and will provide updates as required.
Notable updates
• Messe Frankfurt Trade Fairs initiates arbitration proceedings against Netlink Solutions (India) Ltd
• Netlink states no material adverse impact expected on operations or financials
• Disclosure made under SEBI’s LODR regulations to stock exchanges
• Arbitration linked to commercial arrangements between the two companies
• Netlink continues to operate publishing, exhibitions, and digital businesses without disruption
Major takeaway
While arbitration proceedings have been initiated, Netlink Solutions has reassured investors and stakeholders that its operations remain stable, with no significant financial or operational risks anticipated.
Sources: Reuters, Business Standard, Exchange Filings