ITD Cementation India Limited — Others, 09-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

ITD Cementation India Limited has announced a board meeting to discuss an Execution Petition filed in the Delhi High Court to enforce a previous arbitration award of approximately Rs 4.71 crore plus interest. The petition targets Baya Weaver Ltd. and Saya Cementation Ltd. While the immediate financial impact of this action remains indeterminate, it marks a potential step towards recovering the awarded amount. Investors may view this development positively, as it demonstrates the company's proactive approach in pursuing its due entitlements, which could enhance its financial stability in the longer term.