Visaka Industries Shares Gain 4% as Supreme Court Upholds Arbitration Award Against HCA

Hyderabad, October 7, 2025: Shares of Visaka Industries Ltd (NSE: VISAKAIND, BSE: 509055) surged over 4% to ₹83.31 after the Supreme Court of India ruled in favour of the company in its longstanding legal dispute with the Hyderabad Cricket Association (HCA). The verdict is expected to bolster investor confidence and strengthen the company’s market position.

Supreme Court Upholds Arbitration Award

The Supreme Court dismissed the Special Leave Petition (SLP Civil No. 27782/2025) filed by HCA, upholding previous rulings by the commercial court and the Telangana High Court. The verdict affirms an arbitral award dated March 15, 2016, granting Visaka Industries ₹25.92 crore, along with interest, for HCA’s breach of contract related to naming and advertisement rights at the Hyderabad International Cricket Stadium. The Supreme Court’s ruling on October 6, 2025, represents the final decision in Visaka’s favour.

Positive Financial Implications

Since the lawsuits have already been resolved, Visaka Industries will be able to enforce the arbitration award, which is likely to have a positive impact on its financial condition and strengthen its balance sheet. According to the company, it has been taking the necessary steps to recover the awarded amount, thereby enhancing its liquidity position over the next few quarters.

Stock Market Reaction

The stock had previously increased by 3.95% to close at 83.20 on the NSE after the announcement. It reached an intraday high of ₹85.25, with a total value of ₹2.97 crore traded. The market capitalization of the company currently is about 720 crore.

Outlook

The Supreme Court decision boosts investor confidence, which in turn strengthens Visaka Industries’ financial position and opens up new opportunities for expansion in its sustainable building materials business.

REF: https://nsearchives.nseindia.com/corporate/VISAKAIND_07102025144259_Court_Order_Intimation_Signed.pdf

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