Shares of Tata Chemical compounds Ltd rose 1% to the touch a day’s excessive of Rs 912.10 on twenty eighth October. This occurred as the corporate introduced that its subsidiary, Tata Chemical compounds Magadi Ltd (TCML), has received a authorized dispute in opposition to the County Authorities of Kajiado, Kenya.
The Courtroom of Enchantment in Nairobi, in its order dated twenty fourth October, 2025, dominated in favour of Tata Chemical compounds Magadi Ltd (TCML), a subsidiary of Tata Chemical compounds. It declared the County Authorities of Kajiado’s demand for land income arrears value Rs 783 crore (Kenyan Shillings 11.84 billion) as arbitrary and unlawful.
The courtroom acknowledged that TCML isn’t required to pay the arrears. That is as a result of absence of a clear and accountable framework for figuring out land charges.
Tata Chemical compounds had earlier disclosed the continuing litigation in a letter dated 14th August, 2023. As of thirty first March, 2025, the revised demand from the County Authorities stood at Rs 783 crore. This quantity is at the moment mirrored as a contingent legal responsibility within the firm’s books. The administration will now assessment the accounting therapy of this quantity in mild of authorized recommendation.
Tata Chemical compounds First Quarter Outcomes
In its first-quarter outcomes, Tata Chemical compounds reported a 68% year-over-year rise in web revenue to Rs 252 crore for the quarter ended June 2025. This compares to Rs 150 crore in the identical interval final 12 months. Income from operations dipped 1.8% to Rs 3,719 crore from Rs 3,789 crore. In the meantime, EBITDA rose 13% YoY to Rs 649 crore, bettering the EBITDA margin to 17.4% from 15.1% in Q1FY25. Internet debt as of thirtieth June, 2025, stood at Rs 4,972 crore (excluding lease liabilities of Rs 760 crore).
At 12:04 PM, shares of Tata Chemical compounds have been buying and selling 1.16% increased at Rs 903.90 on NSE.
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