Honasa Consumer Wins Arbitration Against RSM; Dubai Court Ruling Overturned
Honasa Consumer Limited secured a final arbitration award on May 14, 2026, against RSM General Trading LLC. The award validates Honasa's termination of the ADA, enjoins RSM from Dubai court proceedings, and orders RSM to pay AED 7,254,340 (INR 18,88,41,569.42) in damages and costs.
The litigation has been ongoing, and this award provides a positive resolution. However, the full financial impact depends on the recovery of the awarded amount and any subsequent legal actions.
The company has received a favorable final arbitration award, which validates its position and orders the other party to pay damages and costs.
Honasa Consumer Limited has received a favorable final award from the Sole Arbitrator, Justice (Retd.) Hrishikesh Roy, in the arbitration proceedings against RSM General Trading LLC. The award, received on May 14, 2026, declared that RSM breached the arbitration agreement and exclusive jurisdiction clause by initiating proceedings in Dubai courts. The Arbitral Tribunal has also injuncted RSM from continuing any proceedings in Dubai and has ruled that Honasa's termination of the Authorised Distributor Agreement (ADA) was valid. Furthermore, RSM is liable to pay Honasa an amount of AED 7,254,340 (INR 18,88,41,569.42) for various claims, including costs and loss of profits, with post-award interest applicable if payment is delayed beyond 30 days.
This development follows a series of legal actions and appeals in both Dubai and Indian courts. Notably, a previous judgment by the Court of Appeal, Dubai on February 11, 2026, had significantly reduced the compensation payable by Honasa to AED 1.7 million. However, the Cassation Court, Dubai, had previously overturned the Court of Appeal's judgment on March 26, 2025, remanding the matter for a fresh hearing. The Delhi High Court had also granted an anti-enforcement order against Dubai proceedings on August 20, 2024, directing RSM to deposit INR 57,17,65,947.
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Honasa Consumer Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Honasa Consumer Limited. Read the original for the full detail.