Olectra Greentech Loses Rs. 10.00 Crores Claim in Arbitration with M.L.R. Motors Limited

Olectra Greentech Limited has informed the exchange about the status of a dispute with M.L.R. Motors Limited. The Arbitral Tribunal, constituted pursuant to the order of the Hon'ble High Court of Telangana, passed an award on March 2, 2026, disallowing Olectra's claim for recovery of a capital advance of Rs. 10.00 Crores made to M.L.R. Motors Limited. The Tribunal directed Olectra to reimburse Rs. 5,00,000 towards cost of arbitration and legal expenses incurred by M.L.R. Motors Limited. Olectra is reviewing the detailed order and considering further actions, including challenging the award before appropriate courts.