Bharat Road Network Limited — Others, 20-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Bharat Road Network Limited has announced a board meeting to discuss the ongoing situation regarding its associate Kurukshetra Expressway Private Limited (KEPL). Recently, KEPL was awarded two arbitration rulings in its favor against the National Highways Authority of India (NHAI). However, KEPL is now facing challenges, as NHAI has filed applications contesting these arbitration awards. The outcome of this legal dispute may have implications for BRNL's financial positioning and operational stability, presenting both potential risks and opportunities for investors to consider.