Antony Waste Handling Cell Limited has announced that its board meeting is scheduled to be held on Friday, May 29, 2026. The meeting will be convened to discuss and approve the audited financial results for the quarter and financial year ended March 31, 2026.

Agenda for the Meeting

The board will deliberate on the audited financial results, which include both standalone and consolidated figures. Additionally, the directors will consider recommending a final dividend on equity shares for the financial year ended March 31, 2026. Any dividend recommendation will be subject to the approval of the members at the ensuing Twenty-fifth Annual General Meeting.

Trading Window Closure

In accordance with the Company's Code of Conduct for Prevention of Insider Trading and relevant SEBI regulations, the trading window remains closed. The window will open 48 hours after the financial results are disclosed to the stock exchanges.

Key Meeting Details

Antony Waste Handling Cell has secured a significant legal victory after the Hon'ble Supreme Court of India dismissed a Special Leave Petition filed by Bhiwandi Nizampur City Municipal Corporation (BNCMC) on May 05, 2026. The dismissal, pronounced by a bench comprising Hon'ble Mr. Justice Sanjay Kumar and Hon'ble Mr. Justice K. Vinod Chandran, upholds the Bombay High Court's order in CAA (L) No. 3634 of 2020 and brings closure to a dispute that had its origins in a Solid Waste Management contract awarded over two decades ago. The company disclosed this development to stock exchanges on May 07, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background of the Dispute

The legal proceedings trace back to 2005, when Antony Waste Handling Cell was awarded the Solid Waste Management contract by BNCMC. Following repeated breaches and non-compliance with contractual terms by BNCMC, the company initiated arbitration proceedings on March 21, 2013, claiming loss of profit arising from illegal termination and violation of the agreement. The arbitrator ruled in favour of Antony Waste Handling Cell on claims amounting to more than ₹15 crore with interest, while rejecting four remaining claims. The company subsequently filed a petition before the Bombay High Court seeking reconsideration of the four rejected claims.

Settlement and High Court Proceedings

During the pendency of these proceedings, BNCMC agreed to settle the matter by paying ₹15 crore. The settlement proposal, put forth by the Municipal Commissioner, was approved by the Standing Committee of the Corporation, and consent terms were executed. The key milestones in the High Court proceedings are outlined below:

Supreme Court Order and Payment Directive

The Supreme Court, finding no reason to interfere with the Bombay High Court's judgment, dismissed the Special Leave Petition filed as Petition for Special Leave to Appeal (C) No. 19055/2021. The court issued specific directions regarding the disbursement of the settlement amount:

• BNCMC is directed to disburse the amount due and payable within three months from the date of the judgment (May 05, 2026)
• In the event of a delay beyond the stipulated period, the outstanding amount shall carry interest at the rate of 9% per annum from the initial date on which the compromise was arrived at
• Should payment be delayed, BNCMC retains the right to recover the interest component from the officers responsible for the delay, in accordance with due procedure

Regulatory Disclosure

Antony Waste Handling Cell filed this disclosure with BSE Limited and the National Stock Exchange of India Limited on May 07, 2026, in compliance with Regulation 30 read with Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company confirmed that the litigation was not against any key management personnel, promoter, or ultimate person in control, and that the settlement terms and their financial impact are governed by the existing compromise already recorded by the Bombay High Court.