Capital Infra Trust Receives Approvals for Indemnity and Compensation Claims from Gawar Construction Limited
Mumbai – Capital Infra Trust announced that its Investment Manager, Gawar Investment Manager Private Limited, approved several claims from Gawar Construction Limited (GCL) during a board meeting held on March 26, 2026.The board approved a claim of Rs. 45,47,61,610 from GCL related to a shortfall in claims concerning changes in law for Goods and Services Tax (GST) on annuity across four Project SPVs. This indemnity is calculated as per the terms of the respective Share Purchase Agreements (SPAs) and is due by March 27, 2026.
Furthermore, Capital Infra Trust anticipates receiving an additional indemnity claim of Rs. 24,23,98,314 from GCL by August 2027 for three Project SPVs, also under the terms of the SPAs.
In addition to the indemnity claims, the board approved a claim of Rs. 13,84,56,118 as compensation under a Project Management Agreement and an indemnity claim of Rs. 11,98,07,280 under a Share Purchase Agreement for Gawar Nainital Highways Private Limited, related to the descoping of project works by the National Highways Authority of India (NHAI). These payments are also due by March 27, 2026.
The board meeting took place between 4:43 P.M. and 5:00 P.M.
Detailed information is available on the Capital Infra Trust website at https://capitalinfratrust.com/.
Shubham Jain, Company Secretary and Compliance Officer, confirmed the approvals.
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