Antony Waste Handling Cell Limited — Others, 19-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Antony Waste Handling Cell Limited has announced a board meeting to discuss the outcome of litigation with the Navi Mumbai Municipal Corporation (NMMC). The High Court dismissed NMMC's plea to set aside an arbitration award favoring Antony's claims related to garbage collection and transport contracts. The court ordered NMMC to release ₹19.63 crore, held as part of the arbitration process, along with any accrued interest, within four weeks. This decision reinforces Antony’s financial position and confirms its rights under the contract, leading to a positive outlook for the company’s cash flow and stability in operations.