Afcons Infrastructure Limited has received a significant arbitral award of ₹335.50 Crore in its favor from the arbitration proceedings against Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). The award, received on August 24, 2026, comprises a principal amount of ₹152.25 Crore and pre-award and pendente lite interest of ₹183.25 Crore. The company anticipates a positive impact on its financial position due to this award.
Afcons Infrastructure Secures Favorable Arbitration Award
Afcons Infrastructure Limited has announced the receipt of a substantial arbitral award in its favor. The award, dated August 24, 2026, stems from arbitration proceedings initiated between Afcons Infrastructure Limited (the “Company”) and the Uttar Pradesh Expressways Industrial Development Authority (“UPEIDA”).
Award Details and Financial Impact
The Arbitral Tribunal has awarded the Company a principal amount of ₹152.25 Crore. This is further supplemented by pre-award and pendente lite interest, calculated at the SBI Base Rate with quarterly rests from May 1, 2019, to August 24, 2026, amounting to ₹183.25 Crore. Consequently, the total award amount aggregates to ₹335.50 Crore.
Afcons Infrastructure Limited has indicated that there will be a positive impact on the financial position of the Company. This outcome is contingent upon the counterparty not challenging the award within the legally stipulated period.
Regulatory Disclosure
This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details provided align with the requirements of the SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026.
Source: BSE
