Rossari Biotech Limited has been served with a petition on June 04, 2026, under Section 34 of the Arbitration and Conciliation Act, 1996. This petition has been filed by the Sellers challenging the final award passed by the Arbitral Tribunal on January 21, 2026. This arbitration proceeding was initiated by the Sellers under a share purchase agreement dated June 02, 2021, concerning the acquisition of Unitop Chemicals Private Limited, a material unlisted subsidiary of Rossari Biotech. The company had previously informed the exchanges about the initiation of these arbitration proceedings on December 13, 2023, and the passing of the final award on January 29, 2026.
