Sadbhav Infrastructure Project Limited — Results, 14-08-2025: Reply to Clarification- Financial results

Sadbhav Infrastructure Project Ltd. (SIPL) has clarified its financial results for the year ended March 31, 2025, particularly regarding certain figures initially marked as 'not ascertainable.' These figures are tied to significant claims the company expects to receive from the National Highways Authorities of India (NHAI).

**Key Developments:**

* **Rohtak Panipat Tollway (RPTPL):** This subsidiary faced a prolonged toll collection suspension. An Arbitral Award on January 23, 2025, granted RPTPL **INR 1,080.55 Cr** (comprising INR 779.63 Cr principal and INR 300.91 Cr interest) from NHAI, a major financial win.

* **Other Arbitration Outcomes:**

* A dispute over a competing road resulted in a mixed arbitration outcome, with SIPL challenging the unfavorable majority award.

* A claim for additional costs due to a quarrying ban was largely upheld, leading to **INR 121.19 Cr** becoming payable to RPTPL, with NHAI subsequently withdrawing its challenge.

* Two older arbitration awards (one for, one against RPTPL) were jointly settled under a government scheme for a net **INR 65.00 Cr**.

* **Sadbhav Roadways (SRHL):** NHAI has given 'in-principle' approval for a harmonious substitution of SRHL with a new entity, streamlining the project's future.

SIPL's management maintains that there is no impairment to its investments in RPTPL or SRHL, based on the high probability of these claims being realized and the ongoing project substitution process.