BSECompany Update13 Oct 2026 · 13 Oct 2026, 07:09 pm

Please find attached Disclosure under Reg. 30 which is self explanatory.

Texmo Pipes and Products Ltd · 533164

✦ AI Summary▼ NegativeLitigation

Texmo Pipes and Products Ltd has disclosed an award passed by an arbitrator in a dispute with Larsen and Toubro Ltd, awarding Rs. 25.66 cr to the latter with interest and costs, but dismissing the counter-claims of Texmo Pipes.

Analysis Scores

Earnings Impact3/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact5/10
Market Sentiment2/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Texmo Pipes and Products Ltd - 533164 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Attachments (1)

📄

96dce371-ee9d-4cc5-aabf-5112ef907afe.pdf

pdf

Download →
View document text
Texmo/Sec/2026-27/41 October 13, 2026 To, To, Manager (Listing) The Corporate Relationship Department National Stock Exchange of India Ltd Bombay Stock Exchange Ltd, Exchange Plaza, 5th Floor 1st Floor, New Trading Ring, Bandra Kurla Complex, Bandra (E) P. J.Tower, Dalal Street, Mumbai - 400051 Mumbai - 400001 Ref: (i)Texmo Pipes and Products Limited (ISIN - INE141K01013), BSE Code - 533164, NSE Symbol –TEXMOPIPES (ii) Our Letter submitted to Stock Exchange(s) having Ref. no. Texmo/Sec/2024-25/22 dated August 06, 2024 Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir / Madam, This is with reference to the captioned subject and pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and as noted and taken on record by the Board of Directors of the Company in its meeting held on October 13, 2026, this is to inform you that an Award has been passed by the Hon’ble Sole Arbitrator on September 24, 2026 received to us with respect to the Company Texmo Pipes and Products Limited and Larsen and Toubro Limited, considering Arbitration matter interse business disputes between the Companies. The details required pursuant to the same, as per Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is as under: 1 Brief details of litigation viz. name of the Name of the opposing party: Larsen and opposing party: Toubro Limited Brief details of litigation: The Company ‘Larsen and Toubro Limited’ and our Company ‘Texmo Pipes and Products Limited’ undergone Arbitration Proceedings by Hon’ble Sole Arbitrator appointed by the Hon’ble Madras High Court, Chennai under the Arbitration and Conciliation Act,1996 for adjudicating commercial matters arising out of business transaction. In this respect, an Award has been passed by the Hon’ble Sole Arbitrator on September 24, 2026 received to us awarding, partly allowing claim of latter, an amount of Rs. 25.66 cr. to pay the applicant with interest at the rate of eight percent per annum, and costs. The Hon’ble Sole Arbitrator dismissed the Counter-Claims and the outstanding legitimate dues of Rs. 23.51 cr. of us stating the same is outside the scope and purview of Arbitration agreement, however, it states that the same is open to us to challenge it in other court of law or appropriate forum. Court/Tribunal/agency where litigation is file: Hon’ble Sole Arbitrator. 2 Expected financial implications, if any, due to The monetary value awarded is Rs. 25.66 compensation, penalty etc.: cr. with interest and costs. 3 Quantum of claims, if any: With the verdict of the said Arbitral Alward, the Company does not foresee any operational impact on the Company. The Company and its counsels are analysing and evaluating the said Award and shall take suitable legal recourse. The Company believes to have a strong case on merits to pursue the matter. Kindly take the same on your records. Thanking you Yours Faithfully For Texmo Pipes and Products Limited Ajay Shrivastava Company Secretary and Compliance Officer