Notice received invoking arbitration in a disputed matter from advocate of nGenious Solutions Private Limited claiming disputed dues as per Annexure A attached herewith.
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Titan Biotech has received a notice from nGenious Solutions Private Limited invoking arbitration against the company, all its directors, and key managerial personnel. The claim is for recovery of disputed outstanding dues totalling Rs. 10,62,410 plus GST, which includes Rs. 9,13,920 as principal outstanding, Rs. 98,490 as compounded interest till 15 July 2025, and Rs. 50,000 as compensation. The disclosure has been made under SEBI Listing Regulations as a material litigation. The company has stated it will keep the stock exchange informed of further developments in the matter.
The disputed amount is relatively small and unlikely to materially affect the company's financials or stock price. However, the matter involves all directors and KMPs, and any adverse arbitration outcome could carry reputational risk beyond the monetary claim.