Ion Exchange (India) Limited has disclosed a significant development in its ongoing litigation concerning the Angeripalayam Common Effluent Treatment Plant (ACETP). The opposing party, ACETP, has appealed an earlier Arbitral Award before the High Court of Judicature at Madras. The initial award had dismissed claims against Ion Exchange totaling INR 17.48 crores, plus interest. This regulatory filing ensures shareholders are updated on material legal proceedings as required by compliance regulations.
Regulatory Disclosure of Litigation Update
Ion Exchange (India) Limited has issued an update regarding a pending matter pertaining to the Angeripalayam Common Effluent Treatment Plant Limited (ACETP), referencing previous disclosures made on August 28, 2023, and January 12, 2026. This latest intimation outlines a material development in the status of the proceedings.
Details of the Legal Development
The key change involves the challenging of an earlier decision. The Company received notice that ACETP has preferred an appeal before the Hon’ble High Court of Judicature at Madras (Commercial Division). This appeal seeks to set aside the prior Arbitral Award issued by the Sole Arbitrator. That original award had completely dismissed the claims filed against Ion Exchange, which amounted to INR 17.48 crores, along with accrued interest.
Status of Other Proceedings
The Company confirmed that there are N.A. updates regarding any litigation involving key management personnel or promoters. Furthermore, there have been N.A. developments concerning any settlement, compensation, or penalty payments related to the proceedings that would impact the listed entity’s financial position.
The details are provided in compliance with the relevant circulars dated January 30, 2026.
Source: BSE
