Aditya Infotech Ltd has received a Request for Arbitration dated May 28, 2026, from Avathon, Inc. and SparkCognition India Private Limited before the International Chamber of Commerce (ICC). The claimants have alleged a breach of contract regarding a proposed purchase and resale agreement and are seeking USD 5,000,000 plus interest. The company stated that, based on its management's assessment, this dispute will not have any material financial impact on its operations.

The arbitration proceedings have been initiated at the ICC in New York, USA. The dispute arises from an agreement where Aditya Infotech proposed to purchase and resell certain products of Avathon and SparkCognition. The claimants have demanded USD 5,000,000, approximately INR 47,50,00,00, along with interest at 18% per annum accruing from May 16, 2027.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that the disclosure was made with a slight delay due to the cross-border nature of the dispute and the necessary coordination with legal advisors.

Details of the Arbitration Request

The following table outlines the key particulars of the arbitration request as disclosed by the company:

The detailed disclosure regarding the notice has been hosted on the company's website.

The promoters of aditya infotech , including Persons Acting in Concert (PAC), have declared that they did not encumber any equity shares of the company, directly or indirectly, during the financial year ended March 31, 2026. This disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration confirms that the shareholding of the promoter group remains free from any charges or pledges for the specified period.

The filing was submitted on April 9, 2026, by Aditya Khemka on behalf of the promoters and PAC. The document provides a comprehensive list of 87 entities and individuals categorized as promoters and promoter group members. This list includes individuals such as Aditya Khemka, Rishi Khemka, and Ananmay Khemka, as well as various family trusts and corporate entities associated with the promoter group.

Promoter and Promoter Group Details

The declaration encompasses a wide array of stakeholders within the promoter group, ranging from individuals to private limited companies and limited liability partnerships. The detailed list submitted to the exchanges includes the following categories:

Key Individuals and Trusts

Corporate Entities and LLPs

The promoter group also includes numerous corporate entities and limited liability partnerships. Notable entries in the list include:

The list extends to 87 entries, covering various family members, HUFs (Hindu Undivided Families), trusts, private limited companies, and LLPs. The submission was copied to Roshni Tandon, the Company Secretary & Compliance Officer of Aditya Infotech Limited, for record-keeping purposes. The declaration serves as a formal confirmation to the stock exchanges regarding the unencumbered status of the promoter's shareholding during FY26.