PNC Infratech has disclosed an ESG rating of 49 for FY 2025, as assigned by NSE Sustainability Ratings and Analytics Ltd, a SEBI Registered Category 1 ESG Rating Provider. The disclosure was filed on May 7, 2026, under Regulation 30 of SEBI Listing Regulations, read with SEBI Master Circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

ESG Rating Details

The following key details summarise the ESG rating disclosure made by PNC Infratech:

Independent Assessment

PNC Infratech clarified in its disclosure that the company did not engage NSE Sustainability Ratings and Analytics Ltd for the purpose of obtaining this ESG rating. The rating agency independently prepared the report based on data available in the public domain, without any direct commission or participation from the company.

The disclosure was submitted by Tapan Jain, Company Secretary and Compliance Officer (ICSI M. No.: A22603), on behalf of PNC Infratech, and was communicated to both BSE Limited and the National Stock Exchange of India Limited as part of the company's regulatory filing obligations.

PNC Infratech has formally accepted the National Highways Authority of India's (NHAI) settlement offer of ₹234.72 crore under the Vivad-se-Vishwas III (Contractual Disputes) Scheme, resolving an arbitration award related to the Agra Bypass EPC project in Uttar Pradesh. Both the offer and its acceptance were concluded on 5.5.2026, marking a significant milestone in the settlement of contractual disputes between the infrastructure company and NHAI.

Background: Arbitration Award and Settlement Scheme

The settlement stems from an arbitration award published on 17 May 2025 in favour of PNC Infratech for an amount of ₹485,27,66,095.00 (Rupees Four Hundred Eighty-Five Crores Twenty-Seven Lakhs Sixty-Six Thousand Ninety-Five Rupees only) in connection with the EPC project — "Construction of Balance work of new four lane Agra Bypass Connecting Km.176.80 of NH-2 to Km.13.03 of NH-3 in the State of Uttar Pradesh (Contract Package NS-1/UP-1A)" — executed for NHAI.

In February 2026, the Ministry of Road Transport and Highways (MoRTH), Government of India, implemented the Vivad-se-Vishwas III (Contractual Disputes) Scheme via an Office Memorandum dated 13.2.2026. The scheme provides for a one-time settlement at 45% of the net arbitration award amount, along with 9% per annum simple interest payable after 30 days from the date of publication of the arbitration award until its acceptance.

Settlement Offer and Acceptance

The following table summarises the key details of the settlement as disclosed by PNC Infratech:

NHAI's offer of ₹234,72,20,041.04 (Rupees two hundred thirty-four crores seventy-two lakhs, twenty thousand, forty-one rupees and paise four only) comprises 45% of the sum awarded along with 9% per annum simple interest after 30 days of the award date through 30.4.2026.

Financial Implications and Next Steps

The settlement carries a positive financial implication for PNC Infratech. In addition to the settlement amount of ₹234.72 crore, the company is also eligible to receive further interest of 9% per annum for 5 additional days from 1.5.2026 to 5.5.2026 (the date of acceptance), amounting to ₹0.27 crore, in accordance with the scheme guidelines.

Following the company's acceptance, NHAI will process the settlement for execution of a formal settlement agreement between both parties. Payment to PNC Infratech will be made within 30 days of signing the settlement agreement. The company has also noted that the trading window for dealing in its securities by designated employees, immediate relatives, specified persons, and connected persons has been closed in accordance with SEBI's Prohibition of Insider Trading Regulations.