Enviro Infra Engineers Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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Enviro Infra Engineers has filed arbitration claims against Karnataka Urban Water Supply and Drainage Board (KUWSDB) at the Arbitration & Conciliation Centre in Bengaluru. The dispute relates to a project where the company alleges KUWSDB failed to provide the required land, did not release project funds, refused approvals on price escalations and revised estimates, and withheld bills. The total claim amount is approximately ₹6.25 crore (₹6,24,93,060), inclusive of interest. This is a disclosure made under SEBI Listing Regulations for material litigation. The company is acting as the claimant, seeking recovery of dues rather than defending a case.
Since the company is the claimant seeking recovery of around ₹6.25 crore, this represents a positive step toward recovering stuck receivables from a government body. Investors should monitor the arbitration outcome, as a favourable ruling would boost receivables and cash flow, while an unfavourable one could lead to a write-off. Near-term stock impact is likely neutral, as the amount is modest relative to typical project order books.