Akash Infra Projects Limited — Others, 24-10-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Akash Infra-Projects Ltd. received an arbitration order in its favor from the Gujarat Public Works Contracts Disputes Arbitration Tribunal, entitling the company to a payment of Rs. 19,33,418 along with interest at 7% per annum. This award addresses delays and unresolved payments related to the completion of a road project initially scheduled for 2008. The total duration of the case spanned over 13 years and included claims for extra costs and damages due to alleged contract breaches by the respondent.