ITD Cementation India Limited — Others, 17-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

ITD Cementation India Limited has received an arbitral award from the Arbitral Tribunal in relation to contractual disputes with the Airports Authority of India. The award amounts to ₹12.21 Crore, along with simple interest of 10% per annum and additional interest of 12% if not settled within 90 days. The company is also entitled to GST reimbursement upon proof of payment. While the actual financial impact will depend on the realization of the award, this development could enhance the company’s liquidity position. Investors may see this as a positive outlook, given the potential compensation for disputed claims.