Nagarjuna Fertilizers and Chemicals Limited — Important, 26-03-2025: Disclosure of material issue

Nagarjuna Fertilizers and Chemicals Limited has announced a board meeting to address the recent Supreme Court ruling, which has set aside previous orders from the Telangana High Court concerning a criminal complaint related to a 2016 international arbitration award. This award amounts to approximately USD 14.4 million and GBP 0.69 million, alongside applicable interest and costs owed to Trammo DMCC, UAE. The Supreme Court has mandated the Bombay High Court to expedite hearing the execution proceedings for this arbitration award. This development may boost investor sentiment by potentially resolving outstanding liabilities, but investors should remain aware of the execution process and its implications.