Announced Mon, 6 Jul, 2026 · 17:17 IST

Adverse arbitration award of Rs 24.55 lakh plus interest received against company

Litigation LossRegulatory & Legal View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-4.3% vs market

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AI summary

Span Divergent received an adverse arbitration award of Rs 24,55,614 plus 12 percent simple interest per annum from 9 August 2019 to 2 July 2026 from the Gujarat High Court Arbitration Centre. The award relates to a dispute over an employment agreement with Mr Pareshkumar Prabhudas Patel. The company plans to challenge the award in court and says it has not attained finality. The disclosure was delayed and is being made now after an internal compliance review.

Likely market impact

Negative - potential liability of about Rs 24.55 lakh plus interest. Company plans to challenge the award. Delayed disclosure raises governance concerns.