Bajel Projects Limited — Others, 24-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Bajel Projects Limited has announced a board meeting to discuss an update on ongoing litigation involving Mr. Sushil Kumar Rout and M/s. Aar Ess & Co. A Commercial Arbitration Application has been filed, claiming outstanding payments totaling ₹2 crores, which the company disputes. Recently, the Bombay High Court appointed Mr. Prateek Pansare as the arbitrator for this dispute. Although the claims may pose a potential risk, there are currently no direct financial implications for the company. This development signals a proactive approach to resolving disputes, potentially fostering a positive outlook among investors.