Honasa Consumer Limited on Friday said an arbitral tribunal has issued a favourable rectification order, enhancing the damages awarded to the company in its dispute with RSMM General Trading LLC, according to a stock exchange filing.
“The Company had filed an application on June 12, 2026, under Section 33 of the Arbitration and Conciliation Act, 1996, to rectify certain computational and clerical errors in the initial Award,” Honasa Consumer said. “The Arbitral Tribunal has allowed the application in favour of the Company vide an order dated June 26, 2026 (Section 33 Order) received on June 26, 2026 at 12:42 pm (IST).”
The order, passed on June 26 under Section 33 of the Arbitration and Conciliation Act, corrects computational and clerical errors in the arbitral award issued on May 14. The arbitration was conducted by a sole arbitrator, Justice (Retd.) Hrishikesh Roy, in relation to breaches of an authorised distributor agreement.
Following the rectification, the amount awarded to the Company for loss of profits arising from RSM’s breaches of the Authorised Distributor Agreement (ADA) has been corrected from AED 4.34 million to AED 7.32 million due to a computational error, while the costs awarded for substitution incurred by the Company have been aligned with the Company’s Statement of Claim, corrected from AED 1,060,584 to AED 744,758
The tribunal also added a direction requiring RSMM to indemnify Honasa against any amounts recovered from it under related Dubai court proceedings.
In total, RSMM has been directed to pay Honasa AED 9.92 million, or about ₹25.5 crore, including costs, the company said. The award also provides for post-award interest if the dues are not paid within 30 days.
“In the event the amounts remain unpaid after 30 days, postaward interest shall be payable at EIBOR + 2% per annum on the AED components, and at the SBI Prime Lending Rate (PLR) + 2% per annum on the INR component from 30 days after the pronouncement of the Award and till the date of the payment,” the Company added.
The Tribunal added a dispositive direction stating that RSM must pay damages to the Company, aggregating to any amount sought to be recovered from the Company pursuant to any Dubai court decisions related to the ADA termination
