Cemindia Projects Limited has set a floor price of ₹1,158.58 per equity share for its upcoming Qualified Institutional Placement (QIP). The company’s Management Committee approved the pricing and authorized the opening of the issue on October 14, 2026.

The floor price was determined based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations. The company may offer a discount of up to 5% on this floor price at its discretion. The final issue price will be determined in consultation with the book running lead managers.

Issue Details and Approvals

The QIP follows approvals from the Board of Directors on July 23, 2026, and a special resolution passed by members on August 17, 2026. The Management Committee meeting held on October 14, 2026, adopted the preliminary placement document and application form for the issue.

Lead Managers and Compliance

SBI Capital Markets Limited, ICICI Securities Limited, and IIFL Capital Services Limited have been appointed as the book running lead managers (BRLMs) for the issue. The preliminary placement document has been filed with both BSE and NSE.

The equity shares are not registered under the U.S. Securities Act and may not be offered or sold within the United States except pursuant to an exemption from registration requirements.

Cemindia Projects Limited has withdrawn its execution petition filed before the Hon'ble Delhi High Court to enforce an arbitration award of approximately ₹4.71 crore against Baya Weaver Ltd and Saya Cementation Ltd. The withdrawal was communicated to the company on September 23, 2026, with the court granting liberty to file a fresh petition in due course.

The dispute originated from contractual disagreements resolved via an arbitration award issued by the Delhi International Arbitration Centre on August 25, 2023. The company had initially moved the High Court on December 9, 2024, seeking enforcement of the award plus interest. The recent procedural step does not extinguish the claim but pauses the current legal trajectory.

Litigation details and financial impact

The company disclosed that there is no material financial impact resulting from this specific procedural development. The quantum of claims remains tied to the original arbitration award value.

What the numbers show

The timeline reveals a significant gap between the initial arbitration award (August 2023) and the subsequent enforcement attempt (December 2024), followed by another year-long period before the current withdrawal (September 2026). This suggests a protracted enforcement phase for the ₹4.71 crore receivable. The company's statement that it will file a fresh petition indicates the claim remains active, preserving the potential recovery of principal and accrued interest despite the procedural reset.