Arbitration Award9 April 2026 at 10:23 am
Ind-Swift Laboratories Ltd Receives Arbitration Award, Rejecting All Claims
AI Summary
Ind-Swift Laboratories Ltd has announced the receipt of an Arbitration Award from the Mumbai Centre for International Arbitration (MCIA), rejecting all claims made by M/s. PI Industries Limited and all counterclaims of Ind-Swift Laboratories Limited & Others. The arbitration proceedings have now concluded with no financial impact on the company. The company has always adhered to compliances required under the SEBI Listing Regulations, 2015 and other applicable laws.
Key Highlights
- Ind-Swift Laboratories Ltd receives Arbitration Award from MCIA
- All claims of M/s. PI Industries Limited rejected
- All counterclaims of Ind-Swift Laboratories Limited & Others rejected
- Arbitration proceedings concluded with NIL financial impact
- Company continues to adhere to SEBI Listing Regulations, 2015 and other applicable laws