ITD Cementation India Limited — Others, 19-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

ITD Cementation India Limited's joint venture has received notification from the Pune Municipal Corporation (PMC) regarding a legal challenge to an arbitration award. The award, previously granted to the joint venture, totaled approximately Rs. 10.22 Crore plus GST. PMC has filed an application under Section 34 of the Arbitration and Conciliation Act, seeking to challenge the award and requesting a stay on its operation. The outcome may affect the joint venture's financial position, with potential implications contingent upon the award's realization. Investor sentiment may lean cautious amidst this legal uncertainty, influencing perceptions of operational stability.