Ion Exchange (India) Limited has achieved a significant legal victory with the dismissal of an arbitral award in its ongoing litigation with Angeripalayam Common Effluent Treatment Plant Limited (ACETP). The company informed stock exchanges about this favorable development through a regulatory filing dated January 12, 2026.

Arbitral Award Details

The Sole Arbitrator, Mr. S. Parthasarathy, Senior Advocate, passed an arbitral award holding that both the claim and counter-claim in the ACETP matter are barred by the law of limitation. This ruling has resulted in the complete dismissal of both parties' claims.

Background of the Litigation

The original dispute arose from ACETP's claim against Ion Exchange for alleged non-performance of an Effluent Treatment Plant. ACETP had sought compensation for various damages including:

• Capital cost recovery
• Loss of production claims
• Plant failure compensation
• Operational cost reimbursement

The company had previously disclosed this litigation in August 2023 as part of its continuing disclosure obligations under SEBI regulations.

Financial Impact

The dismissal of the arbitral award provides significant financial relief to Ion Exchange. The ₹17.48 crore amount, along with associated interest, was previously forming part of the company's contingent liability disclosure in its notes to accounts. With this favorable ruling, this contingent liability has been effectively removed from the company's books.

Regulatory Compliance

Ion Exchange filed this update in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements outlined in SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, regarding updates on pending litigation developments.

Company Secretary and Compliance Officer Nikisha Solanki signed the regulatory filing, ensuring proper compliance with stock exchange notification requirements for both BSE and NSE where the company's shares are listed.

Ion Exchange (India) Limited has announced a significant business milestone with the confirmation of new contracts valued at ₹205.00 crores (₹2.05 billion). This substantial contract win represents a major addition to the company's order book and demonstrates its continued strength in securing high-value business opportunities in the water treatment and environmental solutions sector.

Contract Overview

The company has successfully secured these contracts, which are expected to significantly contribute to its revenue pipeline and strengthen its business prospects. The confirmed contract value of ₹205.00 crores underscores the scale and strategic importance of these new business acquisitions for Ion Exchange.

Strategic Significance

This contract acquisition marks a significant achievement for Ion Exchange, substantially enhancing the company's order book value. The contracts are positioned to be executed over upcoming periods, contributing meaningfully to the company's operational activities and financial performance trajectory. For a company specializing in water and environment management solutions, such substantial contract wins are essential for maintaining robust business momentum and sustainable revenue generation.

Market Position

Ion Exchange operates as a key player in the water and environment management solutions sector, classified under Infrastructure Developers & Operators. The company's success in securing contracts of this magnitude demonstrates its strong competitive positioning, technical expertise, and established market credibility. These contract wins reflect Ion Exchange's continued market leadership and its proven ability to attract and execute large-scale business opportunities in the specialized water treatment industry.

The confirmation of these contracts worth ₹205.00 crores represents a highly positive development for Ion Exchange, significantly strengthening its business outlook and adding substantial value to its project execution pipeline for the forthcoming periods.