ION Exchange (India) Limited has informed the Exchange about update on the Litigation matter
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Awaiting price reaction for this filing.
ION Exchange (India) has shared an update on a long-running dispute involving Angeripalayam Common Effluent Treatment Plant Limited (ACETP). A Sole Arbitrator had earlier passed an award dismissing ACETP's claims worth INR 17.48 crores (plus interest) against the company — effectively a win for ION Exchange. ACETP has now filed an appeal before the Madras High Court (Commercial Division), seeking to overturn this arbitral award. The matter is a follow-up to earlier disclosures made on August 28, 2023 and January 12, 2026. No settlement has been reached, and the proceedings remain ongoing.
The appeal introduces fresh uncertainty over a previously favourable outcome, but since the company won at the arbitration stage, the financial exposure of INR 17.48 crores is still being contested rather than confirmed as a liability. Investors should watch the Madras High Court proceedings for any material update.