Yajur Fibres Ltd Faces Civil Suit Filed by National Jute Board

Yajur Fibres Ltd (YAJU.BO) has disclosed that the National Jute Board has filed a civil suit against the company. The claim involves a principal amount of ₹10.2 million, alongside interest charges totaling ₹25.3 million, bringing the overall liability to more than ₹35 million.

The suit underscores ongoing disputes between the company and regulatory authorities, highlighting the importance of compliance and financial transparency in India’s textile and fibre industry. While the matter is currently under judicial consideration, Yajur Fibres has assured stakeholders that it is reviewing the case and will respond in accordance with legal procedures.

Key Highlights

• Civil Suit Filed: National Jute Board initiates legal proceedings against Yajur Fibres Ltd.
• Claim Amounts: ₹10.2 million principal plus ₹25.3 million interest.
• Total Liability: Over ₹35 million under dispute.
• Company Response: Reviewing case details and preparing legal defense.
• Investor Impact: Raises concerns over compliance and financial exposure.

Sources: Business Standard, Moneycontrol, eCourt India Services