Allied Blenders Share Price in Focus; Subsidiary Files ₹34.86 Crore Counterclaim in Arbitration

Allied Blenders and Distillers Ltd (ABDL) has informed the exchanges that its subsidiary, Minakshi Agro Industries LLP (MAILLP), has filed a ₹34.86 crore counterclaim in an ongoing arbitration against former partner Balaji Shivdas Pawar. 

Subsidiary Seeks ₹34.86 Crore Recovery 

MAILLP has submitted a Statement of Defence along with a Counter Claim before the sole arbitrator, seeking ₹34.86 crore (₹34,85,97,745). 

The claim covers alleged financial losses, damages, litigation expenses and other costs arising from what the subsidiary described as breaches of contractual obligations by the claimant. 

Dispute Relates to Partnership Agreement 

According to the company's disclosure, the arbitration stems from the Deed of Retirement-cum-Admission dated December 10, 2024, executed between Balaji Shivdas Pawar, MAILLP, Allied Blenders and Distillers Ltd, and another party. 

The company has been named as a proforma respondent, while the counterclaim has been filed by its subsidiary. 

Filing Made Before Sole Arbitrator 

The company said MAILLP filed the Statement of Defence and Counter Claim on July 17, 2026, before the appointed sole arbitrator. 

The disclosure follows the arbitration proceedings that were previously intimated to the stock exchanges in June 2026. 

Read More: Punjab National Bank Share Price in Focus After Q1 FY27 Earnings Results: Net Profit Up 191.4% YoY! 

Allied Blenders Share Price Performance 

As of 17 July 2026, Allied Blenders share price was trading at ₹616.55 per share, reflecting a decline of 1.95% from the previous trading session. 

Conclusion 

The ₹34.86 crore counterclaim represents a significant step in the ongoing arbitration proceedings, with Allied Blenders' subsidiary seeking recovery of alleged losses and damages while the legal process continues. 

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