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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
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Oceanic Foods Ltd

Oceanic Foods initiates recovery proceedings for Rs. 72.64 lakh

REGULATORY ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 04 Nov 2026, 10:40 AM IST  ·  BSE ID: c714f6fc-b2a7-4b39-8ee3-9b273834bea2
View Original BSE Filing (PDF)
💡
In Simple Terms
Oceanic Foods is using legal channels to get back Rs. 72.64 lakh owed to it by another company.
🤖 AI Summary
  • Oceanic Foods initiated two proceedings to recover Rs. 72,64,563 in outstanding receivables.
  • The opposing party is Cremica Food Industries Limited, facing payment obligation failures.
  • Proceedings are currently in a 15-day mediation phase at the Jamnagar Judicial Court.
  • Formal civil suits will be filed if mediation does not result in settlement.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Aggregate quantum of claims
₹72,64,563/-
Amount of first proceeding
₹71,52,643/-
Amount of second proceeding
₹1,11,920/-
🏢 How This Affects the Company
📈
Business Impact
This action aims to recover overdue revenue, directly impacting potential cash inflow. The company is actively pursuing its commercial interests through legal means.
💰
Financial Impact
Successful recovery will bolster accounts receivable and cash position. The aggregate claim is Rs. 72,64,563. The exact financial outcome is contingent on mediation and potential legal proceedings.
⚙️
Operational Impact
No immediate operational changes are indicated. The company is managing this through its legal and finance departments.
⚠️
Risk Impact
This filing flags a credit risk concerning a specific counterparty, Cremica Food Industries Limited. The outcome of mediation introduces uncertainty regarding the timing and quantum of recovery.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders at this time. Investors should monitor further updates on the mediation and legal proceedings.
👤
Who Is Affected
All shareholders are indirectly affected as the recovery of receivables impacts the company's financial performance and cash flow.
🔍
Management Signal
Management is proactively engaging legal channels to safeguard company assets and recover outstanding dues, demonstrating a commitment to financial prudence.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Outcome of the 15-day mediation period.
Registration of civil suits if mediation fails.
Update on material developments from the company.
MEDIUM RISK Initiation of recovery proceedings signals counterparty credit risk and potential delay in cash inflow.
💡 Investor Takeaway
Oceanic Foods Ltd. is pursuing legal recovery of Rs. 72,64,563 in outstanding trade receivables from Cremica Food Industries Ltd. through mediation.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Initiation of recovery proceedings indicates unrecovered trade receivables of ₹72,64,563 from Cremica Food Industries.
❓ Frequently Asked Questions
What is the total amount Oceanic Foods Ltd. seeks to recover?
Oceanic Foods Ltd. is pursuing recovery of an aggregate amount of ₹72,64,563/- from Cremica Food Industries Limited.
Who is the opposing party in the recovery proceedings?
The opposing party is Cremica Food Industries Limited (CIN: U15400PB2013PLC037640).
What is the current status of the recovery proceedings?
The matters have been referred for mediation for a period of 15 days at the Jamnagar Judicial Court.
What are the amounts involved in each recovery proceeding?
The first proceeding is for recovery of ₹71,52,643/-, and the second proceeding is for recovery of ₹1,11,920/-.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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