Major Relief in Arbitration Case: MCIA Denies Rs 908 Crore Statement Claim Made by Allied Silica Against Tata Chemicals:

Tata Chemicals Limited, on December 11, 2024, had informed the stock exchanges (National Stock Exchange of India Limited and Bombay Stock Exchange Limited) vide a representation that in arbitration proceedings initiated under the rules of the Mumbai Centre for International Arbitration (MCIA), Allied Silica Limited (ASL) and its promoter, Mr Manmohan Singh Jain, had furnished a Statement of Claim for Rs 908 crore against the Company.

The company has now received a final award order from the Mumbai Centre for International Arbitration, wherein it has been instructed to pay a principal amount of Rs 1 crore, along with interest and certain costs. The company is presently analysing the order. The final award order was issued on October 15, 2026, against the claim of Rs 908 crore made by Allied Silica Limited (ASL).

Tata Chemicals Limited has made the aforementioned disclosure vide an Intimation dated October 16, 2026, addressed to the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE), issued under Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to the official intimation for complete information.