Kalpataru Projects International Limited — Others, 04-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Kalpataru Projects International's subsidiary, Wainganga Expressway Private Limited (WEPL), is engaged in a contractual dispute with the National Highways Authority of India (NHAI). WEPL previously received a favorable arbitration award against NHAI, which NHAI is now contesting. Both parties have issued termination notices to each other, alleging various contractual defaults. NHAI claims WEPL defaulted on premium payments, demanding INR 351.46 Cr. WEPL disputes this claim, stating it contradicts the arbitration award. Kalpataru, based on legal advice and its assessment, believes WEPL has a favorable legal position and anticipates no significant financial implications for the company from this ongoing dispute.