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.
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Balance Sheet Risk4/10
Liquidity Impact5/10
Market Sentiment2/10
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Texmo Pipes and Products Ltd - 533164 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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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