Austere Systems NCLAT Appeal Dismissed, Supreme Court Appeal Filed

Austere Systems Limited (formerly Austere Systems Private Limited) has disclosed that the Hon'ble National Company Law Appellate Tribunal (NCLAT) dismissed its appeal against an order by the Competition Commission of India (CCI). The CCI had imposed a penalty of ₹44,25,569/- on the company in relation to historical soil-testing tenders. The NCLAT order, dated September 23, 2025, upheld the CCI's decision without increasing the penalty. The company has since filed an appeal with the Hon'ble Supreme Court of India on December 12, 2025. The penalty amount was previously disclosed in the company's Red Herring Prospectus and the NCLAT order does not impose any additional financial or operational liabilities.