Tata Chemicals Limited — Others, 11-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Allied Silica Limited (ASL) and its promoter, Mr. Manmohan Singh Jain, have filed a Statement of Claim against Tata Chemicals in arbitration at the Mumbai Centre for International Arbitration. ASL alleges breach of a Business Transfer Agreement from April 2018, claiming INR 908 crore. However, Tata Chemicals anticipates a favorable outcome based on prior rulings from the National Company Law Tribunal and legal counsel, which may mitigate any financial impact. Investors may view this as a positive outlook, given the company's strong legal position and prior successes against similar claims.