Statement

New Delhi, July 22, 2019: Pine Labs Private Limited filed its appearance before the District Court in Bangalore today, refuting allegation of patent infringement IN309274 and to confirm its non-infringing status in the matter. As leaders in this industry we will defend against such frivolous and anti-competitive legal actions as well as challenge the legitimacy of such generic patent grants.

Pine Labs respects intellectual property rights and shall continue to comply with the law of the land. We will continue to defend our position before the authorities and ensure uninterrupted business for our customers.

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