BSECompany Update28 Aug 2026 · 28 Aug 2026, 05:45 pm
Please Find Enclosed herewith announcement under Regulation 30.
Walchandnagar Industries Ltd · 507410
✦ AI SummaryLitigation
Walchandnagar Industries Ltd has disclosed that a dispute with Aicitta Intelligent Technology Private Limited and its promoters has been fully and finally settled. The company has received the Final Award/ Order passed by the Sole Arbitrator, and the settlement amount of ₹2,12,41,096 has been paid by the respondents.
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Walchandnagar Industries Ltd - 507410 - Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations').
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WALCHANDNAGAR INDUSTRIES LIMITED
Walchandnagar: 413 114, Dist. Pune, Maharashtra, India
Tel: 02118-252 235/252 236/252 237/252 238
Fax: 02118-252 584
Website: www.walchand.com Email: wil@walchand.com
Ref. No. : WIL: SEC: 2026
Date : August 28, 2026
National Stock Exchange of India Ltd. BSE Ltd.,
Exchange Plaza, 5th floor, Phiroze Jeejeebhoy Towers,
Plot No. C/1, G Block, Dalal Street,
Bandra Kurla Complex, Bandra (East), Mumbai 400 001
Mumbai - 400 051. Scrip Code: [501430]
Scrip Code: WALCHANNAG
Subject: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing
Regulations’).
Dear Sir/Madam,
We refer to our letter dated March 05, 2026 (“Previous Disclosure”), wherein the Company
had in accordance with Regulation 30 read with Para B of Part A of Schedule III of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements),
Regulations 2015, (“Listing Regulations”), read with SEBI Master Circular
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 (hereinafter referred to as
‘SEBI Circular’), informed the Stock Exchanges that the Company along with Aicitta
Intelligent Technology Private Limited (“Aicitta”) and its promoters, Arjun Das and Vikram
Sarin (“Respondents”) had amicably agreed to resolve their disputes and had signed Consent
Terms dated 4th March, 2026.
In this regard, we hereby inform that the matter has been fully and finally settled between the
parties pursuant to the Consent Terms dated March 04, 2026. Further, the Company has
received the Final Award/ Order passed by the Sole Arbitrator, in accordance with the
aforesaid Consent Terms.
Requisite details pursuant to Regulation 30 of the Listing Regulations read with SEBI Circular
are enclosed herewith as Annexure - I.
The aforesaid information will also be available on the website of the Company at
www.walchand.com.
We request you to take the same on record.
For Walchandnagar Industries Ltd.
G. S. Agrawal
Whole Time Director & Company Secretary
DIN: 00404340
REGD OFFICE: Siddharth Towers (Tower No.1), S.No.12/3-B, Office 908 to 910, Kothrud, Pune- 411 038, Maharashtra, India.
Tel: 020-2543 8585 Fax: 020-2543 8585 CIN: L74999PN1908PLC255621
WALCHANDNAGAR INDUSTRIES LIMITED
Walchandnagar: 413 114, Dist. Pune, Maharashtra, India
Tel: 02118-252 235/252 236/252 237/252 238
Fax: 02118-252 584
Website: www.walchand.com Email: wil@walchand.com
ANNEXURE - I
Sr. Particulars Details
1. Name(s) of the opposing party Aicitta Intelligent Technology Private Limited
and its promoters, Arjun Das and Vikram Sarin.
2. Court/ Tribunal/ Agency where Arbitral Tribunal
litigation is filed,
3. Brief details of dispute/litigation The parties entered into Consent Terms dated
March 04, 2026, pursuant to which the
Respondents agreed to pay a gross settlement
amount of ₹2,12,41,096/- to the Claimant.
The entire settlement amount has been paid by
the Respondents, and accordingly, the Sole
Arbitrator, vide Award dated August 27, 2026,
disposed of the arbitration proceedings in
terms of the Consent Terms.
Date of the award August 27, 2026
4. Details and terms of settlement, No financial impact on the Company
compensation/penalty paid
5. Quantum of claims, if any Company Recovered a sum of Rs. 2,12,41,096/-
from Aicitta in instalments, last instalment on
August 08, 2026 as per settlement agreement
dated March 04, 2026.
6. In the case of litigation against key Not Applicable
management personnel or its
promoter or ultimate person in
control, regularly provide details
of any change in the status and/ or
any development in relation to
such proceedings
For Walchandnagar Industries Ltd.
G. S. Agrawal
Whole Time Director & Company Secretary
DIN: 00404340
REGD OFFICE: Siddharth Towers (Tower No.1), S.No.12/3-B, Office 908 to 910, Kothrud, Pune- 411 038, Maharashtra, India.
Tel: 020-2543 8585 Fax: 020-2543 8585 CIN: L74999PN1908PLC255621