By: ICN Bureau
Last updated : July 02, 2025 9:42 am
The company has made a full and final payment of US$ 1,251,290, thereby settling all outstanding claims and closing the matter definitively
Stallion India Fluorochemicals Limited (SIFL), a leading forward integrated player in refrigeration and industrial gas operates as a critical link in the industrial gas supply chain, focusing on processing, blending, and distributing specialized gases across multiple sectors, has fully settled its legal long dispute with Zhejiang Sanmei Chemical Industry Co., Ltd.
The company has made a full and final payment of US$ 1,251,290, thereby settling all outstanding claims and closing the matter definitively. The company has received a No Due Letter from ZSCICL and has been informed that the matter has also been formally closed with the China Export & Credit Insurance Corporation (SINOSURE).
This payment was already provided for in the financial statements for the half year ended September 30, 2024, and reflected under trade payables in the audited financial results for the quarter ended March 31, 2025.
Shazad Sheriar Rustomji, Managing Director & CEO of Stallion India Fluorochemicals Limited, commented: "The settlement of this legacy dispute marks a significant step forward in strengthening our balance sheet integrity and enhancing financial clarity. Since the liability was already provisioned in our financials, this payment will not impact our current or future profitability. In fact, with this obligation now completely discharged, our future earnings will no longer be burdened by contingent liabilities or uncertainties related to this issue.
This clean slate enhances our credit profile and investor confidence, and allows the management to focus fully on driving core business growth and margin improvement. As we continue expanding our product portfolio and customer base, the resolution of this matter supports improved profitability visibility and a more robust financial position going forward."