WPIL Limited has received a formal letter/order from Madhya Pradesh Jal Nigam, one of its clients, alleging delay in completion of prescribed contractual milestones on certain ongoing contracts. The company notes these allegations are "under contest" meaning they are being disputed.
The order debars WPIL Limited from participating in any future tenders, bids, and procurement processes conducted by Madhya Pradesh Jal Nigam. The debarment period is set for either:
- Till the completion and commissioning of certain ongoing contracts, OR
- For a period of three years
Whichever period is earlier.
The company explicitly states that this order "shall have no impact on the existing financial or operational activities of the Company." This indicates that current projects and financial operations will continue unaffected.
WPIL Limited is contemplating appropriate legal remedies regarding this order, though no specific legal actions have been initiated at the time of this disclosure.
The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015, and was submitted to BSE Limited on June 28, 2026, signed by K.K. Ganeriwala, Executive Director of WPIL Limited.