NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company8 Jul 2026 · 8 Jul 2026, 04:20 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Aditya Infotech Limited · CPPLUS
✦ AI Summary▼ NegativeLitigation
Aditya Infotech Limited has informed the Exchange about a pending arbitration case filed by Avathon, Inc. and SparkCognition India Private Limited against the Company, related to an alleged breach of contract.
Analysis Scores
Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment4/10
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Aditya Infotech Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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July 08, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza Phiroze Jeejeebhoy Towers
Plot no. C/1, G Block Dalal Street
Bandra Kurla Complex, Bandra (E) Mumbai 400 001
Mumbai 400 051
Symbol: CPPLUS Scrip Code: 544466
ISIN: INE819V01029 ISIN: INE819V01029
Dear Sir / Madam,
Sub.: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Pursuant to Regulation 30 read with Para B of Part A of Schedule III of the Listing Regulations, we, Aditya
Infotech Limited (“Company”) hereby intimate that the Company has been informed by Avathon, Inc. (an entity
based in Austin, Texas) (“Avathon”) and SparkCognition India Private Limited (an entity based in Bengaluru)
(“SparkCognition”) through their counsel that they have submitted a Request for Arbitration dated 28 May
2026 before the International Chamber of Commerce (ICC) for initiating arbitration proceedings against the
Company.
The aforesaid dispute arises out of an agreement entered into between the Company and Avathon /
SparkCognition, pursuant to which the Company proposed to purchase and resell certain products of Avathon
/ SparkCognition.
As this is a cross-border dispute in the International Chamber of Commerce, this disclosure is made with a slight
delay upon undertaking the necessary coordination with our legal advisors.
The detailed disclosure with respect to the above notice as required under the SEBI Circular
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed herewith as
Annexure A.
This disclosure will also be hosted on the Company's website viz. https://www.adityagroup.com/
You are requested to take the above on record.
For and on behalf of Aditya Infotech Limited
Roshni Tandon
Company Secretary & Compliance Officer
Annexure A
Details required under the SEBI Listing Regulations read with SEBI Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
S.No. Particulars Description
1. Brief details of litigation viz.: Avathon, Inc. and SparkCognition India Private Limited
Name(s) of the opposing party
Court/ tribunal/agency where International Chamber of Commerce (“ICC”), New York,
litigation is filed USA.
Brief details of dispute/litigation Avathon / SparkCognition have raised dispute arising
from alleged breach of contract by the Company
wherein the Company proposed to purchase and resell
certain products of Avathon / SparkCognition.
2. Expected financial implications, if any, As per Company’s management assessment, this
due to compensation, penalty etc. dispute will not have any material financial impact on
the Company.
3. Quantum of claims, if any; In terms of the request for Arbitration, Avathon, Inc.
and SparkCognition India Private Limited , have claimed
an amount of USD 5,000,000 (approx. INR 47,50,00,00)
plus interest @18% towards the alleged claims accruing
from May 16, 2027.