Arbitration Tribunal Rejects Claims in Ind-Swift Laboratories Ltd Proceedings
Ind-Swift Laboratories Ltd announced on April 7, 2026, the conclusion of an arbitration matter involving PI Industries Limited. The company stated that the Arbitral Tribunal issued a final order rejecting all claims made by the Claimant, M/s. PI Industries Limited, as well as all counterclaims filed by the Respondents, which included M/s. Ind-Swift Laboratories Limited and others.The arbitration proceedings concluded with the passing of the order by the Arbitral Tribunal on April 7, 2026. The company noted that this outcome results in NIL financial impact on Ind-Swift Laboratories Ltd.
The details of the proceedings and the final award are summarized below:
| S. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the authority | Arbitral Tribunal |
| 2 | Nature and details of the action(s) taken, initiated or order(s) passed | The Arbitral Tribunal has rejected all claims of the Claimant (M/s. PI Industries Limited) as well as all counterclaims of the Respondents (M/s. Ind- Swift Laboratories Limited & Others). |
| 3 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | 7 th April, 2026 |
| 4 | The details of any change in the status and / or any development in relation to such proceedings | Final award passed. Arbitration proceedings concluded. |
| 5 | The case of litigation against key management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and / or any development in relation to such proceedings | Not applicable; no claims/counterclaims against key management. |
| 6 | In the event of settlement of the proceedings, details of such settlement including - terms of the settlement, compensation/penalty paid (if any) and impact of such settlement on the financial position of the listed entity | The final Arbitral Order has NIL financial impact on the Company. |
Ind-Swift Laboratories Ltd previously disclosed that the arbitration matter was pending before the Arbitral Tribunal constituted by Mumbai Centre for International Arbitration (MCIA). The final order passed by the Arbitral Tribunal on April 7, 2026, marks the conclusion of the arbitration proceedings.
INDSWFTLAB Stock Price Movement
Shares of Ind-Swift Laboratories Limited shed 1.77% today, closing at ₹138.37 in post-market action. The stock saw 267,025 shares traded during the session.Source:
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