Harish Textile Engineers Receives Pre-Institution Mediation Notice in Deep Industries Dispute

Harish Textile Engineers Limited received a pre-institution mediation notice on November 4, 2026, from the District Court Mediation Centre in Ahmedabad (Rural), Gujarat, tied to a commercial dispute initiated by M/s. Deep Industries against the company and its directors. ScanX reported the disclosure, which was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Harish Textile Engineers' Mediation Notice Details

The notice, dated October 29, 2026, arrived by post and is a Pre-Institution Mediation Notice in Form-2. Harish Textile Engineers Limit is a Mumbai-based manufacturer of textile processing and finishing machinery, nonwoven fabrics and regenerated polyester staple fiber, founded in 1960. The company must appear before the mediation centre on December 3, 2026, at 11:00 am, where opposite parties must convey their consent to participate in the mediation process.

Harish Textile Engineers said the matter is at the pre-institution mediation stage and that it is examining the notice with its legal advisors. The company said the financial implication, if any, will be assessed based on the nature of the claim and the outcome of the proceedings. Detailed allegations and the specific amount claimed are not specified in the notice, and no quantifiable monetary impact has been disclosed. The company affirmed it will take appropriate steps in accordance with applicable laws and within prescribed timelines.

Harish Textile Engineers' Full-Year Results

According to akta.pro company records, Harish Textile Engineers reported revenue of Rs 138.49 crore for the full year ended March 2026, up 4.89% year over year. Full-year standalone net profit rose 2208.33% to Rs 5.54 crore. Operating profit margin improved to 8.97% in Q4 FY2026 from 7.49% in Q4 FY2025.

Earlier Disclosures in Harish Textile Engineers' Litigation

Harish Textile Engineers received a pre-institution mediation notice from the Mediation Centre, CBD Belapur, in July 2026 regarding a commercial dispute filed by Vashi Integrated Solutions Limited, ScanX reported. In September 2026, NCLT Mumbai dismissed a creditor petition against the company after a settlement with M/s. Kamlesh Corporation on August 19, 2026, with outstanding dues including interest settled via an instalment plan after an upfront payment adjustment, according to ScanX. Harish Textile Engineers also settled a customs order by paying Rs 21,981 to the Assistant Commissioner of Customs (Export) in Mumbai on September 24, 2026, ScanX reported.

Harish Textile Engineers' December Hearing

The mediation centre hearing is scheduled for December 3, 2026, at 11:00 am, when opposite parties must convey consent to participate in the mediation process.