Bajel Projects Limited — Others, 05-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Bajel Projects Limited has announced a board meeting to discuss the material litigation against Madhyanchal Vidyut Vitran Nigam Limited (MVVNL) concerning recovery of outstanding dues. The company has initiated arbitration proceedings, asserting claims related to wrongful recoveries and delayed payments, including issues with pole grouting and defective meters. This development could have significant financial implications, potentially impacting the company’s cash flow depending on the outcome. Investors should view this as a monitoring opportunity, with potential risks ahead until the litigation is resolved.