Arbitration award requires company and others to pay Rs 508.96 crore
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A final arbitration award dated 29 September 2025 requires the company and other parties to pay Rs 508.96 crore to two claimants. It also awards US$564,600 and Rs 20.23 lakh in costs. The dispute arose from a 2017 facility agreement involving certain promoters. The company is reviewing its next steps.
The award creates a potentially significant payout obligation for the company, though the company is still reviewing its options.