Teerth Gopicon Limited — Important, 27-06-2025: Updates

Teerth Gopicon Limited has announced a termination of its contract for engineering, procurement, construction, and 10-year operation & maintenance of multi-village drinking water supply schemes in Madhya Pradesh. The termination was due to non-submission of fresh E-bank guarantees. This could expose the company to potential legal actions from the client, Madhya Pradesh Jal Nigam Maryadit, impacting project revenue and operational plans. Further updates are expected as the situation develops.