Gaudium IVF and Women Health Ltd. Faces Arbitration Proceedings from Neomile Corporate Advisory Limited

Gaudium IVF and Women Health Ltd. has informed about an arbitration proceeding filed against them by Neomile Corporate Advisory Limited. The petition, filed under Section 9 of the Arbitration & Conciliation Act, 1996 before the High Court of Judicature at Bombay Ordinary Original Civil Jurisdiction Commercial Arbitration, seeks interim measures of protection of Rs. 29,20,50,000/- (inclusive of GST) due under an arrangement for alleged advisory services in connection with the company's Initial Public Offering (IPO). The company has stated that the petition is frivolous and unsubstantiated, premised on fundamental factual misstatements, and contrary to the overwhelming facts and evidence. They are taking necessary steps to safeguard their interests.