Kalpataru Projects International Limited — Others, 12-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Kalpataru Projects International Limited has updated that Kurukshetra Expressway Private Limited (KEPL), in which it holds a 49.57% stake, has received advance copies of a Section 34 application challenging two arbitration awards granted in favor of KEPL against the National Highways Authority of India (NHAI). These awards include various financial payments related to a road project terminated by KEPL in 2021. The ongoing legal proceedings might introduce uncertainty regarding potential financial recoveries for the company. Investors should monitor this situation for its possible impact on future cash flows, presenting both a risk and an opportunity for sentiment shifts.