GAIL (India) Limited — Others, 15-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

GAIL (India) Limited has announced a board meeting to discuss the settlement of arbitration proceedings with SEFE Marketing & Trading Singapore Pte. Ltd. The parties have reached an agreement where SEFE will pay US$ 285 million to GAIL, resulting in the withdrawal of the arbitration case from the London Court of International Arbitration. This settlement has potential positive implications for GAIL’s financial health, enhancing liquidity and reducing legal uncertainties. Investors may view this as a favorable development, likely boosting sentiment and potentially improving GAIL's operational stability moving forward.