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Central Depository Services (India) Limited (CDSL) has provided an update on ongoing arbitration claims. Ms. Prafulla Shah and Lalit Shah HUF have filed statements seeking indemnity for losses from alleged misutilization of client securities by Anugrah Stock & Broking. Claims range up to Rs 84.19 crore and Rs 19.73 crore respectively, including interest and costs, or restoration of securities. CDSL, based on its assessment, believes this arbitration case or its potential outcome will not have any adverse material impact on the company. This update is important for shareholders monitoring potential liabilities.
All announcements from Central Depository Services (India) Limited