GPT Infraprojects Limited has secured a favourable arbitration award of Rs. 3.89 crores from Kolkata Municipal Corporation (KMC) through its joint venture partnership. The company announced this development to stock exchanges on April 2, 2026, under Regulation 30 of SEBI's listing requirements.

Arbitration Award Details

The arbitration proceedings were conducted between GPT-SMC Joint Venture (JV) and Kolkata Municipal Corporation regarding a water infrastructure project. Justice Retired Mr. Shahidullah Munshi, serving as the Sole Arbitrator, delivered the award in favour of the joint venture.

Project Background

The arbitration award pertains to the Construction of Jetty and Raw Water Pumping Station at Ma-Er Ghat (Baghbazar) for Dhapa Water Treatment Plant. This water infrastructure project was undertaken by the GPT-SMC joint venture for the Kolkata Municipal Corporation. The dispute resolution process culminated in the Sole Arbitrator ruling that GPT-SMC JV is entitled to receive Rs. 3.89 crores from KMC.

Financial Impact Assessment

According to the company's disclosure to stock exchanges, this arbitration settlement will have no negative impact on the financial position of GPT Infraprojects Limited. The favourable award represents a positive resolution to the dispute and adds to the company's receivables from the municipal corporation.

Regulatory Compliance

GPT Infraprojects Limited has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India about this material development. The company's communication, signed by Company Secretary & Compliance Officer Sonam Lakhotia, ensures transparency with stakeholders regarding this significant arbitration outcome.

GPT Infraprojects Limited has successfully completed the acquisition of 100% equity stake in Alcon Builders and Engineers Private Limited for ₹15,183.00 lakhs on February 27, 2026. The transaction makes Alcon a wholly owned subsidiary of GPT Infraprojects, marking a significant expansion into the railway signaling sector.

Acquisition Details

The acquisition involves the purchase of 28,00,000 equity shares of ₹10 each face value, representing the entire paid-up capital of Alcon Builders and Engineers Private Limited. The transaction was completed through cash consideration from the existing promoters of Alcon.

About Alcon Builders and Engineers

Alcon Builders and Engineers Private Limited is an established signaling EPC contractor with over three decades of proven execution experience in the Indian Railways ecosystem. Incorporated on December 02, 1988, the company specializes in signalling, telecommunication and allied works for Indian Railways, operating exclusively within India.

Strategic Impact and Business Integration

Through this acquisition, GPT Infraprojects will enter the high-margin signaling EPC segment, complementing its existing 40-year relationship with Indian Railways. The transaction enables the company to augment its product offerings and strengthen its market presence while accelerating entry into the signaling business segment.

The acquisition provides GPT Infraprojects with management and operational control over Alcon's pre-qualified platform. The company intends to integrate Alcon's operations with its existing businesses to realize operational and commercial synergies and enhance long-term value for stakeholders.

Board Appointments and Governance

Following the acquisition, GPT Infraprojects has appointed two Non-Executive Directors to Alcon's Board:

• Mr. Vaibhav Tantia, Non-Executive Director
• Mr. Amrit Jyoti Tantia, Non-Executive Director

Regulatory and Transaction Structure

The acquisition does not fall within the purview of Related Party Transactions, and the promoter/promoter group/group companies have no interest in the acquired entity. No governmental or regulatory approvals were required for completing this transaction. The acquisition positions GPT Infraprojects to capture a meaningful share of future high-value opportunities in the railway signaling sector, leveraging the limited number of qualified EPC players and the large industry capital expenditure pipeline.