Sadbhav Infrastructure Project Limited — Important, 31-01-2025: General Updates

The Arbitral Tribunal has issued a partial award favoring Rohtak-Panipat Tollway Private Limited (RPTPL) in an arbitration case against the National Highway Authority of India (NHAI). RPTPL has had 4 out of 6 claims accepted, while the Tribunal partly allowed 2 claims from NHAI's 8 counterclaims, and a minority view accepted 1 of the 8. Currently, RPTPL is reviewing the implications of the award from both financial and legal perspectives. This development could lead to potential financial benefits for the company depending on the realization of the award stipulated in the Project Agreements. Investors should monitor this situation for possible positive outcomes as it unfolds.