Avathon and SparkCognition Withdraw Arbitration Proceedings Against Aditya Infotech After Mutual Discussion:

Aditya Infotech Limited, vide an Intimation dated July 08, 2026, had previously informed the stock exchanges about the submission of a request for arbitration made by Avathon, Inc. and SparkCognition India Private Limited, collectively called the Claimants, before the International Chamber of Commerce (ICC) to initiate arbitration proceedings against the Company in relation to a dispute arising out of an agreement entered into between the Company and the Claimants.

Now, vide another intimation dated October 31, 2026, the Company had disclosed that the Claimants have dropped the arbitration proceedings initiated against it following mutual discussion between both parties. Consequently, presently, no arbitration proceeding is pending against the company.

The company does not expect any material impact of the present action on its financial, operational and business activities.

The aforementioned disclosure has been made by the company under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to the official intimation for complete information.