Ceigall India Limited has informed the Exchange about General Updates about Intimation of Receipt of Arbitration Award under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Regulatory Order
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Ceigall India Limited has received an arbitration award of INR 19.36 Crore in its favor from an Arbitral Tribunal dated 04-07-2025. The dispute was with the Himachal Pradesh Public Works Department, Shimla, related to a road widening and improvement project on NH-88 (New NH-103) in Himachal Pradesh (Section-III). The tribunal also awarded future interest at 9% per annum effective from 04-10-2025. The company has confirmed this will have a positive impact on its financial position.
This is a positive development for shareholders — Ceigall will receive INR 19.36 Crore plus 9% annual interest, boosting its financial position and cash flows from this government road project.