PSP Projects – Construction Company

Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Details of Litigation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the company has filed Writ Petition (Civil) bearing diary No. E-4580239/2024, in the Hon’ble High Court of Delhi against Superintendent Engineer, Bareily and Others. The details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are as given below:

1. brief details of litigation viz. name(s) of the opposing party, court/ tribunal/agency where litigation is filed, brief details of dispute/litigation;
   The Company has filed Writ Petition (Civil) bearing diary No. E-4580239/2024, in the Hon’ble High Court of Delhi against the Respondent namely Superintendent Engineer, Bareily and Others concerning Project “Construction of Residential Building of PAC Mahila Batallion, Badaun, Uttar Pradesh”. The petition is filed under Article 226 of the Constitution of India, seeking the issuance of a Writ of Mandamus or Certiorari to quash and set aside the termination order dated March 27, 2024 and impugned communication dated 10.10.2024 issued by the Respondent arbitrarily. The Company contends that the termination was executed arbitrarily, without due consideration of the reply and explanation provided by the Company, and without affording an opportunity for a personal hearing, thereby contravening the principles of natural justice and the mandate of Article 14 of the Constitution of India.
2. expected financial implications, if any, due to compensation, penalty etc.
   At this juncture, the financial impact remains unquantifiable; therefore, it is deemed inapplicable.
3. quantum of claims, if any;
   Not Applicable