Khadim India Receives ₹31.97 Crore Plus Interest from SSAA, Punjab
Khadim India received ₹31.97 crore plus interest from SSAA, Punjab. This follows a High Court order dated May 05, 2026, confirming a prior Arbitral Award in the company's favor. This resolves a dispute concerning withheld receivables and forfeited bank guarantee related to a school shoe and uniform supply tender.
The receipt of a substantial sum of over ₹31 crore, plus interest, positively impacts the company's financial standing and resolves a material litigation.
The company has received a significant outstanding amount along with interest, resolving a long-standing dispute and confirming a favorable arbitral award.
Khadim India Limited has received the outstanding amount of ₹31,96,86,729 (Rupees Thirty-One Crores Ninety-Six Lakhs Eighty-Six Thousand Seven Hundred and Twenty-Nine) along with applicable interest and other related dues from Samagra Shiksha Abhiyan Authority (SSAA), Punjab. This follows an order by the Hon’ble High Court of Punjab and Haryana, Chandigarh, dated May 05, 2026.
This development is in continuation of previous disclosures regarding the withholding of receivables and forfeiture of Performance Bank Guarantee by SSAA, Punjab, in relation to a tender for the supply of school shoes and uniforms.
Previously, on May 13, 2026, the company had disclosed that the Hon’ble High Court of Punjab and Haryana, Chandigarh, vide its order dated May 05, 2026, confirmed the Arbitral Award passed on June 27, 2022, which was in favor of Khadim India. This order also rejected a prior order dated August 16, 2023, passed by the Learned District Court at Mohali, which had been in favor of the Tenderer.
An earlier disclosure on October 31, 2023, had stated that the Learned District Court at Mohali, in its order dated August 16, 2023, decided in favor of SSAA, Punjab, and set aside the Arbitral Award. Khadim India had filed an appeal before the Hon’ble High Court of Punjab, Chandigarh, on October 31, 2023, against this order.
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Khadim India Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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