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Forbes & Company Wins Appeal Supporting Svadeshi Mills Revival


9 September 2026
Forbes & Company Ltd.

Bombay High Court's Sept 2 order (received Sept 4) set aside Feb 2026 single-judge judgment and allowed appeal for revival of Svadeshi Mills, accepting revival proposal as conducive to public interest. Forbes, holding 22.7%, is evaluating implications and sees no financial impact. Context: clearing long-running winding-up overhang.


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