Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to enclosed herewith the copy of the press release with regard to Arbitration Award for an Amount of INR. 4.09 Crore along with interest @ 18% p.a. w.e.f 15/09/2025 till the actual date of payment has been received in favour of Power & Instrumentation (Gujarat) Limited issued by Honourable Arbitral Tribunal under the Arbitration and Conciliation Act, 1996 dated September 15, 2025 in the matter of Power & Instrumentation (Gujarat) Limited and Chennai Port Trust, Chennai in relation to the agreement dated 21.03.2014 for providing power supply arrangements for Navy at Madhusudan Jetty in Chennai Port Trust.
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Power & Instrumentation (Gujarat) Limited has received a favorable arbitration award of INR 4.09 Crore from the Honourable Arbitral Tribunal under the Arbitration and Conciliation Act, 1996. The award, dated September 15, 2025, is against Chennai Port Trust and relates to a 2014 agreement for providing power supply arrangements to the Navy at Madushudan Jetty in Chennai Port. Additionally, the company is entitled to interest at 18% per annum on the awarded amount from September 15, 2025, until the actual date of payment. This represents a positive legal outcome for the company in a long-pending contractual dispute.
This is a positive development for shareholders, as the company is set to receive INR 4.09 Crore plus 18% annual interest from a government entity, which should boost cash flows and earnings. Such favorable arbitration outcomes typically enhance investor confidence in the company's ability to recover dues through legal means.