Jaiprakash Associates Limited — Important, 10-04-2025: Updates

Jaiprakash Associates Ltd. is currently involved in a legal dispute with the Yamuna Expressway Industrial Development Authority (YEIDA) regarding the cancellation of land allotment in Greater Noida. The Hon’ble Allahabad High Court has upheld YEIDA's order from February 2020, leading the company to file a Special Leave Petition with the Hon’ble Supreme Court, which is scheduled for further consideration in mid-May 2025. This legal situation could have unpredictable financial implications for the company, making it a key development for investors to monitor closely. The outcome of the Supreme Court's decision may significantly impact Jaiprakash's asset management and operational capabilities moving forward.