Pursuant to Regulations 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, read with Para A(20) of Part A of Schedule ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shristi Infrastructure has filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996 before the Delhi High Court to challenge an old Arbitral Award dated October 16, 2019. Under that award, the company was held jointly and severally liable along with other parties to pay Rs. 6.57 crore with interest at a steep rate of 38.85% per annum from the award date until actual payment. The order under challenge was pronounced on May 1, 2025. The company stated it will take all legally permissible steps to contest the liability and claimed there is no material financial implication at this stage.
While the company is downplaying the impact, the contested liability of around Rs. 6.57 crore plus 38.85% interest is significant for a small-cap infrastructure firm and could affect cash flows if the appeal fails. Investors should watch for further updates on the court's ruling, as a negative outcome may weigh on the stock.