COMMITMENTS AND CONTINGENCIES |
9 Months Ended |
|---|---|
Apr. 30, 2026 | |
| COMMITMENTS AND CONTINGENCIES | |
| COMMITMENTS AND CONTINGENCIES | NOTE 10 – COMMITMENTS AND CONTINGENCIES
From time to time the Company may become a party to litigation matters involving claims against the Company.
We are aware that Jeffrey Kilgore filed a lawsuit on August 28, 2025, in Jefferson County, Texas. Cause No. 25DCCV1693, Jefferson County, Texas; Jeff Kilgore vs. Panamera Holdings Corporation; the Plaintiff is claiming he is owed certain shares in compensation for services. This claim is disputed and without merit. The Opposing counsel is deciding whether or not to move forward with the suit. We've agreed not to cancel Kilgore's shares while the suit is pending. The case is set for trial next February 4, 2027. At this point an estimate for possible range of loss cannot be made. The company believes this is without merit, and we intend to vigorously defend against it. |