MBL Infrastructure Limited — Important, 22-01-2025: Disclosure of material issue

The Hon'ble NCLT has initiated the Corporate Insolvency Resolution Process for MBL (MP) Toll Road Company Ltd, a wholly-owned subsidiary of MBL Infrastructure Ltd, following an application from Punjab National Bank (International) Ltd. This decision comes amid ongoing arbitration proceedings related to a concession agreement spanning back to 2011, where disputes have arisen concerning escrow agreements. No fines or penalties have been imposed on MPRTCL. The company will assess the financial repercussions of this order and is committed to providing updates as necessary. Investors should monitor the situation closely, as this process may significantly affect the company's operational and financial landscape.