MBL Infrastructure Limited has informed the Exchange about General Updates
MBLINFRA · price
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Awaiting price reaction for this filing.
MBL Infrastructure has won an arbitration award passed by the Sole Arbitrator appointed by the Supreme Court on July 12, 2025, against Telecommunications Consultants India Ltd (TCIL). The dispute relates to an agreement dated February 22, 2008. The company has been awarded Rs 1.24 crores along with interest at 9% per annum from the date of the award until payment. If TCIL fails to pay within 3 months, the interest will continue to accrue. Additionally, a bank guarantee of Rs 1.70 crores held by TCIL is to be returned to the company, fully discharged.
Positive development for the company as it recovers dues and gets back its bank guarantee, though the absolute amount of Rs 1.24 crores is relatively small for an infrastructure company and is unlikely to move the stock price significantly. It signals the company is actively pursuing recovery of outstanding claims.