NSE/BSE Codes: NSE: RAILTEL, BSE: 543265

Summary of Key Information:

Nature of Event / Disclosure:

Disclosure of new litigation/arbitration proceedings under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure specifically relates to arbitration invoked by 3i Infotech Limited regarding termination of a contract for RailTel's Wi-Fi Monetisation Project.

Involved Parties / Authorities:

  • RailTel Corporation of India Limited (Respondent)
  • 3i Infotech Limited (Claimant)
  • National Stock Exchange of India Limited (Recipient)
  • BSE Limited (Recipient)
  • SEBI (Regulatory authority under whose regulations disclosure is made)

Date / Timeline of Event:

  • Date of Disclosure Filing: July 17, 2026
  • Time of Disclosure: 12:22 PM
  • Date of Signing: July 17, 2026 at 16:27:29 +05'30'
  • SEBI Master Circular Reference Date: January 30, 2026 (Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026)

Brief Description of Outcome / Dispute:

The dispute arises from RailTel's Wi-Fi Monetisation Project which was awarded to 3i-Infotech Limited pursuant to an open and competitive bidding process. RailTel terminated the contract lawfully and strictly in accordance with the terms and conditions of the Tender. In response to RailTel's termination notice, M/s 3i Infotech Limited invoked arbitration proceedings.

Impact of Outcome:

Financial Impact:
  • Claim Amount: ₹60.26 Crore (by 3i Infotech Limited)
  • Counter Claim Amount: ₹91.34 Crore (by RailTel Corporation)
  • Expected Financial Implications: Will depend entirely upon the final adjudication of disputes/claims. No immediate financial impact disclosed.
  • Explicit Quantitative Figures: Claim amount: ₹60.26 Crore; Counter claim amount: ₹91.34 Crore
Operational / Business / Strategic Impact:

No specific operational, business, or strategic impacts disclosed in the document. The disclosure focuses solely on the legal proceedings without mentioning any disruption to ongoing operations or business strategy.

Other Implications:

No explicit statements regarding reputational, legal, regulatory, or market perception effects are provided in the disclosure.

Next Steps / Required Actions:

  • The matter will proceed through arbitration proceedings for final adjudication of disputes/claims.
  • RailTel must maintain the disclosure in company files as per regulatory requirements.
  • The information must be uploaded on the company website by the subsidiary management/PRO.
  • No specific response deadlines or compliance measures are mentioned beyond the disclosure requirements.