Gaja Alternative Asset Management Limited announced that the Hon’ble High Court of Punjab and Haryana has dismissed petitions seeking to quash an FIR concerning EuroKids International Limited. The order, dated October 27, 2026, relates to an investment made by Gaja Capital India Fund-I and does not constitute an adjudication of the FIR’s allegations. The company assesses that the order does not have a material impact on its current operations or financial standing.
High Court Order on FIR Dismissed
Gaja Alternative Asset Management Limited has disclosed an order from the Hon’ble High Court of Punjab and Haryana dated October 27, 2026. This order addresses petitions filed to quash FIR No. 0150 of 2022, concerning EuroKids International Limited. The company notes that the High Court has dismissed these petitions.
Litigation Background and Impact
The proceedings stem from an investment made by Gaja Capital India Fund-I in EuroKids International Limited. Mr. Gopal Jain, Managing Director and CEO, and Mr. Imran Jafar, Executive Director, had served as nominee directors for the fund on the board of EuroKids International Limited and were involved as petitioners. The company emphasizes that the High Court’s order of dismissal does not adjudicate the allegations within the FIR itself, and the underlying proceedings will continue as per law.
Gaja Alternative Asset Management Limited has assessed the impact of this order, stating that it does not impose any immediate financial liability on the company. Furthermore, based on the company’s current assessment, the order is not expected to have any material impact on its ongoing operations, management responsibilities, or its ability to manage its funds. The business operations are continuing in the ordinary course. The company and the concerned individuals are reviewing the detailed order and will consider further legal steps as advised.
Source: BSE
