NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company1 Sept 2026 · 1 Sept 2026, 06:53 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Voltas Limited · VOLTAS
✦ AI SummaryLitigation
Voltas Limited has informed the Exchange about an update on a pending material litigation as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Court of Cassation, Qatar has dismissed the appeal of OHL&C, and the Order dated 4th May, 2026 passed by the Court of Appeal (Qatar) remains undisturbed. The Company is pursuing recovery of amounts awarded.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Voltas Limited has informed the Exchange about update on a Pending Material Litigation as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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1st September, 2026
BSE Limited National Stock Exchange of India Limited
Department of Corporate Services Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza
Dalal Street Bandra-Kurla Complex
Mumbai 400 001 Bandra (East), Mumbai 400 051
Scrip Code: 500575 NSE Symbol: VOLTAS
Sub: Intimation – update on a Pending Material Litigation as required under Regulation
30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sirs,
This has reference to the legal matter relating to the claim and counter claim filed by the Company
and Joint Venture of OHL International, Spain, and Contrack (Cyprus) Limited and Others; brief
details of which had been disclosed in Company’s earlier filings 14th August, 2023; 1st October,
2024; 6th February 2025; and 11th May, 2026.
The Company had vide its disclosure dated 11th May, 2026, informed that the Court of Appeal
(Qatar), vide its order dated 4th May, 2026 had, inter alia directed OHL International, Spain and
Contrack (Cyprus) Limited (together referred to as ‘OHL&C’) to: (a) pay the Kentz–Voltas
Consortium (KVC) the outstanding amounts due under the subcontract, together with
compensation; and (b) ordered Bank Guarantees (advance and performance bank guarantee) to be
returned to Voltas.
Subsequently, OHL&C had filed appeal against the above Order before the Court of Cassation,
Qatar (Supreme Judiciary Council of Qatar).
The Court of Cassation, Qatar vide its Order dated 30th August, 2026 [copy of English translation
received yesterday late evening (i.e., Monday, 31st August, 2026)] has dismissed the aforesaid
appeal of OHL&C as inadmissible.
Accordingly, the Order dated 4th May, 2026 passed by the Court of Appeal (Qatar) remains
undisturbed. The Company had already filed application for execution of the Order dated 4th May,
2026 and the Bank Guarantees furnished by the Company had been cancelled. The Company is
also pursuing recovery of amounts awarded.
Kindly take the same on record.
Thanking you,
Yours faithfully,
For Voltas Limited
Ratnesh Rukhariyar
Company Secretary & Compliance Officer
Corporate Management Office
Registered Office Voltas House 'A’ Dr Babasaheb Ambedkar Road Chinchpokli Mumbai 400 033 India
Tel 91 22 66656290 66656258 e-mail shareservices@voltas.com website www.voltas.in
Corporate Identity Number L29308MH1954PLC009371