Kalpataru Projects International Ltd (KPIL) — Announcement | 29 September 2026

Kalpataru Projects International Limited (KPIL) notified BSE of a Delhi High Court order dated 28 September 2026 upholding a prior partial setting aside of an arbitral award involving its 49.57% joint venture Kurukshetra Expressway Private Limited (KEPL) and NHAI. The court upheld the partial setting aside of the award, specifically setting aside claims related to Termination Payment and interest, while upholding other claims. KEPL believes it has a strong case to challenge the order and is pursuing appropriate legal steps including filing an appeal. The company received the order on 28 September 2026 at approximately 6:32 p.m.