PSP Projects Limited has successfully concluded arbitration proceedings against Bhiwandi Nizampur City Municipal Corporation (BNCMC), securing a significant financial award in its favor. The Arbitral Tribunal pronounced the arbitration award on January 11, 2026, bringing the long-standing dispute to a favorable resolution for the company.

Award Details and Financial Impact

The arbitration award represents a substantial financial victory for PSP Projects Limited. The tribunal's decision encompasses both principal amount recovery and interest provisions designed to ensure timely payment.

The award directs BNCMC to pay the principal amount of ₹61,44,17,413.00 along with interest accrued up to the date of the award within the specified timeframe. Should the respondent fail to make payment within 60 days, they will be liable for additional interest at 11.00% per annum on the total awarded amount plus accrued interest from the award date until actual payment.

Regulatory Compliance and Disclosure

PSP Projects Limited fulfilled its regulatory obligations by disclosing the arbitration outcome under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's disclosure follows its earlier intimation dated February 02, 2023, which initially informed stakeholders about the commencement of arbitration proceedings.

The company confirmed through its filing that the arbitration award has no adverse impact on its financial position. This positive outcome strengthens the company's financial standing and demonstrates successful resolution of the dispute through the arbitration process.

Conclusion of Proceedings

With the Arbitral Tribunal's pronouncement on January 11, 2026, the arbitration proceedings between PSP Projects Limited and BNCMC have officially concluded. The favorable award represents a significant development for the company, providing clarity on the disputed matter and securing substantial financial recovery. The company's proactive disclosure ensures transparency with stakeholders while maintaining compliance with regulatory requirements.

PSP Projects Limited has formally notified stock exchanges about its upcoming board meeting scheduled for January 30, 2026, where directors will consider and approve the company's Q3FY26 unaudited financial results. The meeting will take place at the company's registered office and will focus on the standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The board meeting has been scheduled in compliance with Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key agenda items for the meeting are outlined below:

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct, PSP Projects has implemented a trading window closure for all designated persons and their immediate relatives. The trading restrictions are as follows:

Investor Engagement

The company has planned comprehensive investor engagement activities to discuss the financial results and provide business outlook insights. PSP Projects will conduct investor and analyst calls on January 30, 2026, coinciding with the board meeting date. The company has indicated that detailed information regarding these calls, including timing and participation details, will be communicated through its official website at www.pspprojects.com .

Regulatory Communication

The board meeting intimation has been formally communicated to both major stock exchanges where the company's shares are listed. The notification was signed by Pooja Dhruve, Company Secretary and Compliance Officer, with membership number A48396, and has been digitally authenticated on January 9, 2026. This communication ensures transparency and compliance with regulatory requirements for listed companies in India.