Ceigall India Limited has informed the Exchange about General Updates In continuation to our letter dated 11th April 2025, wherein we had intimated about the Court Order received in favour of Ceigall India Limited, issued by the Hon ble Additional District Judge, Chandigarh, under the Arbitration and Conciliation Act, 1996, dated 9th April 2025, in the matter of Ceigall India Limited vs. Punjab Small Industries & Export Corporation Limited (PSIEC), we wish to submit that:We have received an award amount of ₹3,17,50,655/- (Rupees Three Crore Seventeen Lakh fifty Thousand six hundred fifty-five only) including applicable interest on 19th May 2025.
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Ceigall India Limited has received an arbitration award amount of ₹3,17,50,655 (approximately ₹3.18 crore) including applicable interest on 19th May 2025. This is in continuation of a court order dated 9th April 2025 issued by the Additional District Judge, Chandigarh, in the company's favor against Punjab Small Industries & Export Corporation Limited (PSIEC) under the Arbitration and Conciliation Act, 1996. The company had previously intimated the exchange about the favorable court order on 11th April 2025. With this receipt, the company has now successfully collected the awarded amount from the counterparty.
Positive development for shareholders — the company has won the arbitration case and successfully received the full award amount, providing a modest cash inflow of ~₹3.18 crore and closing a legal dispute in its favor.