Capital Infra Trust to Raise Indemnity Claim of Rs. 45,47,61,610/- from Gawar Construction Limited

Capital Infra Trust, through its Investment Manager Gawar Investment Manager Private Limited, has informed the Exchange about a Board meeting held on March 26, 2026. The Board approved the raising of an indemnity claim of Rs. 45,47,61,610/- from Gawar Construction Limited (GCL) by March 27, 2026, due to a shortfall in claim pertaining to change in law for GST on annuity in four Project SPVs of the Trust. Additionally, an indemnity claim of Rs. 24,23,98,314/- is expected from GCL by August 2027 in respect of three Project SPVs under the respective SPAs. The Board also approved a claim from GCL for an amount of Rs. 13,84,56,118/- as compensation under the Project Management Agreement and an indemnity claim of Rs. 11,98,07,280/- under Share Purchase Agreement for Gawar Nainital Highways Private Limited pursuant to descoping of certain project works by NHAI. These payments from GCL shall be due by March 27, 2026.