Cyber Media (India) Limited — Important, 13-12-2024: One time settlement

CyberMedia India has announced a board meeting regarding the settlement of a dispute involving a claim of USD 2,167,229.50 under an ex-parte arbitral foreign award. The company, alongside Mr. Ram Capoor and Chairman Pradeep Gupta, has agreed to settle the dispute for USD 1,000,000, payable in five installments over the next year. This resolution may improve operational stability and reduce legal uncertainties. The amicable settlement reflects a proactive approach to dispute resolution, potentially enhancing investor confidence and spotlighting management's commitment to resolving challenges positively.