Page Industries Limited has been served with a Notice from the Dubai Court concerning a claim initiated by Yellow Flower Trading LLC (YFT). The dispute arises from the parties’ distribution arrangement in the UAE, with YFT claiming an amount of AED 113,548,160.81 plus 9% interest per annum from October 10, 2025. The company is consulting legal counsel to review the claim and intends to vigorously defend its position, believing the claims to be without merit.
Page Industries Faces International Litigation
Page Industries Limited has disclosed a pending legal dispute initiated by Yellow Flower Trading LLC (YFT), a Dubai-based entity. The claim stems from alleged disputes related to their distribution agreement within the United Arab Emirates. The company received a formal Notice from the Dubai Court on September 2, 2026.
Claim Details and Company Response
The claimed amount amounts to AED 113,548,160.81, along with an interest of 9% per annum calculated from October 10, 2025, which is cited as the claimed date of alleged unlawful termination. Page Industries is currently in the process of thoroughly reviewing the Notice in consultation with its legal counsel. The company is committed to taking all appropriate legal steps to contest these claims.
Assessment and Future Actions
Based on a preliminary assessment, Page Industries believes that the claims made by YFT are without merit. The company has stated its intention to vigorously defend its interests throughout the legal proceedings. This matter is currently in its initial stages, and Page Industries has pledged to provide further updates as and when material developments occur, in line with regulatory requirements.
Source: BSE
