Vishnu Prakash R Punglia discloses Rajasthan High Court order staying encashment of ₹191.2 million bank guarantee.
The order relates to a terminated railway station upgrade contract with North Western Railway awarded to VPRPL-KSIPL BKN JV.
Company confirms nil financial implication due to court stay, preventing forfeiture of performance guarantee and security deposit.
Disclosure made under SEBI Listing Regulations following earlier intimation about contract termination notice received.