Mahindra Lifespace Resolves ₹32.96 Cr Dispute with Parekh & Brothers

Mahindra Lifespace Developers Ltd has resolved a dispute with Parekh & Brothers, which had filed a Statement of Claim for ₹32.96 Crores as part of an arbitration process. The claim included ₹22.22 Crores for delay compensation. The company contested the claim and filed a counter-claim. The matter was amicably resolved with a Final Award passed on July 27, 2026. The settlement has no material impact on the company's financial position, with parties agreeing to comply with their respective obligations by the end of September 2026. The disclosure was made immediately upon receipt of the certified award copy.