NSE/BSE Codes: Symbol: CPPLUS, Scrip Code: 544466, ISIN: INE819V01029

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the withdrawal of international arbitration proceedings.

Involved Parties / Authorities:

  • Claimants: Avathon, Inc. and SparkCognition India Private Limited
  • Respondent: Aditya Infotech Limited (the Company)
  • Arbitral Body: International Chamber of Commerce (ICC)
  • Regulator: Securities and Exchange Board of India (SEBI)
  • Stock Exchanges: National Stock Exchange of India Limited, BSE Limited

Date / Timeline of Event:

  • Initial Intimation Date: July 8, 2026 (informing of the initiation of arbitration)
  • Current Intimation Date: October 31, 2026 (informing of the withdrawal)
  • SEBI Circular Referenced: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Brief Description of Outcome / Dispute:

The arbitration proceedings, initiated by the Claimants against the Company concerning a dispute arising from a prior agreement, have been fully withdrawn. The withdrawal is a result of mutual discussions between the parties. Consequently, no arbitration proceedings remain pending against the Company at the ICC.

Impact of Outcome:

Financial Impact:

The disclosure explicitly states: "The withdrawal of the aforesaid arbitration proceedings does not have any material adverse impact on the financial... position of the Company." No financial settlement, compensation, or penalty was disclosed as the matter was withdrawn, not settled.

Operational / Business / Strategic Impact:

The disclosure explicitly states there is no material adverse impact on the "operational or other activities of the Company." The resolution concludes the legal dispute, eliminating associated legal costs and management attention required for the proceedings.

Other Implications:

The resolution mitigates any potential reputational or legal overhang associated with ongoing international arbitration. The company has fulfilled its regulatory disclosure obligations to the stock exchanges and SEBI.

Next Steps / Required Actions:

No further actions, compliance measures, or next steps are required from the Company regarding this specific arbitration proceeding, as it has been withdrawn in its entirety.