Integrated Filing-Governance



General information about company

Scrip Code 000000
NSE Symbol DHARARAIL
MSEI Symbol NOTLISTED
ISIN INE2HJL01019
Name of the entity DHARA RAIL PROJECTS LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company SME
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? No
Reason For Part A Of Annexure ICompliance Report On Corporate Governance Is Not Applicable To The Entity SME LISTED COMPANY
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity SME LISTED COMPANY
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity NO FINE OR PENALTY IMPOSED
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity SME LISTED COMPANY
Risk management committee
Market Capitalisation as per immediate previous Financial Year
Is SCORE ID Available ? Yes
SCORE Registration ID comd00544
Reason For No SCORE ID
Type of Submission Original
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson
Whether Chairperson is related to MD or CEO Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities)
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors.
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory
2 Designation



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business
1.2 Memorandum of Association and Articles of Association
1.3 Brief profile of board of directors including directorship and full time positions in body corporates
2 Terms and conditions of appointment of independent directors
3 Composition of various committees of board of directors
4 Code of conduct of board of directors and senior management personnel
5 Details of establishment of vigil mechanism or whistle blower policy
6 Criteria of making payments to non-executive directors
7 Policy on dealing with related party transactions
8 Policy for determining material subsidiaries
9 Details of familiarization programmes imparted to independent directors
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances
11 Email address for grievance redressal and other relevant details
12 Financial results
13 Shareholding pattern
14 Details of agreements entered into with the media companies and/or their associates
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls
16 New name and the old name of the listed entity
17 Advertisements as per regulation 47 (1)
18 Credit rating or revision in credit rating obtained
19 Separate audited financial statements of each subsidiary of the listed entity
20 Secretarial compliance report
21 Materiality policy as per regulation 30 (4)
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5)
23 Disclosures under regulation 30(8)
24 Statements of deviation(s) or variations(s) as specified in regulation 32
25 Dividend distribution policy as specified in regulation 43A (1)
26.1 Annual return as provided under section 92 of the Companies Act 2013
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2)
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b)
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E)
3 Meeting Of Board Of Directors 17(2)
4 Quorum of board meeting 17(2A)
5 Review of Compliance Reports 17(3)
6 Plans for orderly succession for appointments 17(4)
7 Code of Conduct 17(5)
8 Fees/compensation 17(6)
9 Minimum Information 17(7)
10 Compliance Certificate 17(8)
11 Risk Assessment & Management 17(9)
12 Performance Evaluation of Independent Directors 17(10)
13 Recommendation of Board 17(11)
14 Maximum number of Directorships 17A
15 Composition of Audit Committee 18(1)
16 Meeting of Audit Committee 18(2)
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3)
18 Composition of nomination & remuneration committee 19(1) & (2)
19 Quorum of Nomination and Remuneration Committee meeting 19(2A)
20 Meeting of Nomination and Remuneration Committee 19(3A)
21 Role of Nomination and Remuneration Committee 19(4)
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A)
23 Meeting of Stakeholders Relationship Committee 20(3A)
24 Role of Stakeholders Relationship Committee 20(4)
25 Composition and role of risk management committee 21(1),(2),(3),(4)
26 Meeting of Risk Management Committee 21(3A)
27 Quorum of Risk Management Committee meeting 21(3B)
28 Gap between the meetings of the Risk Management Committee 21(3C)
29 Vigil Mechanism 22
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8)
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3)
32 Approval for material related party transactions 23(4)
33 Disclosure of related party transactions on consolidated basis 23(9)
34 Composition of Board of Directors of unlisted material Subsidiary 24(1)
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6)
36 Alternate Director to Independent Director 25(1)
37 Maximum Tenure 25(2)
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A)
39 Meeting of independent directors 25(3) & (4)
40 Familiarization of independent directors 25(7)
41 Declaration from Independent Director 25(8) & (9)
42 Directors and Officers insurance 25(10)
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11)
44 Memberships in Committees 26(1)
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3)
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5)
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6)
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3)
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.affirmation_Ann2")
Any other information to be provided



Annexure II
1 Name of signatory
2 Designation



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory
Designation of person
Place
Date


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Union of India 30-Jan-2017 Same as per last Disclosure A Commercial Arbitration Petition bearing no. 344/2023 was filed by Dhara Rail Projects Pvt. Ltd. (our Company) against the Union of India (“Respondent”) before the High Court of Delhi (“Hon’ble Court”) under Section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”). The Petition seeks setting aside of the arbitral award dated January 30, 2023, passed by the Ld. Sole Arbitrator. Our Company is claiming total amount of ₹ 302.83 Lakhs- through this present petition. However, the Respondent has opposed the Petition on the ground that it is barred by limitation under Section 34(3) of the Act, since the award was received on January 30, 2023, the limitation expired on May 30, 2023, while the Petition was filed only on August 31, 2023, and registered on September 1, 2023, beyond the mandatory 120-day period, with the reasons cited for condonation of delay being vague and insufficient.
2 Union of India 22-Dec-2015 Same as per last Disclosure 1. An Arbitration Petition bearing no. 4/2023 was filed by the Union of India (“Petitioner”) against Dhara Rail Projects Pvt. Ltd. (“our Company”) before the District and Sessions Court, Karkardooma, (“Ld. Court”) under Section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”). An arbitral dispute bearing Tender No. 56-W/Elect. /14-15/T/03/C/Bank dated November 8, 2014, arose out of a contract for “Supply, Provision, Testing and Commissioning of Capacitor Bank for Power Factor Improvement in End-on-Generation (EOG) Air-Conditioned (AC) Coaches and upgradation of Electrical Passenger Amenities in EOG First ASC Coaches.” Although the bid was submitted, Performance Bank Guarantee (PBG) deposited, and contract executed, the Petitioner terminated the contract on October 3, 2015, alleging non-performance, and further forfeited the Security Deposit (SD) and encashed the PBG. Arbitration was invoked by our Company on December 22, 2015, and an Arbitral Tribunal (A/T) was constituted on July 28, 2020. Vide an arbitral award dated October 11, 2022, the Ld. Sole Arbitrator directed the Petitioner to refund ₹ 6,09,001/- towards the PBG and Earnest Money Deposit (EMD) out of the total claim of ₹ 58.93 Lakhs The Petitioner has now challenged the said award before the Court. Next Meeting 29.05.2026.
3 Union of India, Central Railway, CST Mumbai 23-Dec-2015 Same as per last Disclosure Dhara Rail Projects Pvt. Ltd (“our Company”) has initiated an arbitration proceeding against the Union of India, Central Railway, CST Mumbai (“Respondents”) in relation to a contract awarded vide Letter of Acceptance dated February 01, 2012, for replacement of DG set 62.5 KVA at Burhanpur and DG set 30 KVA at 5 Bunglow substation at Bhusawal. The contract was terminated by the counterparty vide letter dated December 15, 2015, which our Company contends to be wrongful. Consequently, our Company has raised claims for recovery of unpaid dues, refund of deposits and guarantees, compensation towards loss of profit, and underutilization of resources.
4 Union of India, Central Railway, CST Mumbai 08-Jun-2016 Same as per last Disclosure Dhara Rail Projects Pvt. Ltd (“our Company”) has initiated an arbitration proceeding against the Union of India, Central Railway, CST Mumbai (“Respondents”) in relation to a contract awarded vide Letter of Acceptance dated December 04, 2015, for comprehensive annual maintenance contract of DG Set, alternator and other control distribution system installed in power car including escorting of LTT-ALD Duranto Express, LTT-NZM & LTT-LKO AC superfast trains express of Mumbai Division for a period of 2 years. The contract was terminated by the counterparty vide letter dated February 23, 2016, which our Company contends to be wrongful. Consequently, our Company has raised claims for recovery of unpaid dues, refund of deposits and guarantees, compensation towards loss of restraining and our Company to participate in retender.
5 Union of India, Central Railway, CST Mumbai 23-Feb-2017 Same as per last Disclosure Dhara Rail Projects Pvt. Ltd (“our Company”) has initiated an arbitration proceeding against the Union of India, Central Railway, CST Mumbai (“Respondents”) in relation to a contract awarded vide Letter of Acceptance dated September 09, 2011, for comprehensive annual maintenance contract of power car of Deccan Odyssey Luxury Train of Mumbai Division for a period of 2 years. Our Company is entitled towards the payment of escalation till the completion of work i.e. September 14, 2013 and even till the forceful extension imposed on our Company till December 31, 2015, which was due to defaults and failure on the part of Respondents to provide Power Cars on piecemeal basis, which our Company contends to be wrongful. Consequently, our Company has raised claims for recovery of unpaid dues, refund of deposits and guarantees, compensation towards loss of profit, and underutilization of resources.
6 Union of India, South Western Railway, Karnataka 25-Sep-2020 Same as per last Disclosure Dhara Rail Projects Pvt. Ltd (“our Company”) has initiated an arbitration proceeding against the Union of India, South Western Railway, Karnataka (“Respondents”) in relation to a contract awarded vide Letter of Acceptance dated February 07, 2017, for outsourcing of non-core activities for maintenance of batteries, fans and other cleaning in non-AC coaches at Bangalore depot for 2 years. The contract was deemed closed on December 14, 2018 and the stipulated period of contract ended on February 06, 2019, which our Company contends to be wrongful. Consequently, our Company has raised claims for recovery of unpaid dues, refund of deposits and guarantees, compensation towards loss of profit, and underutilization of resources.
7 Union of India 28-Dec-2019 Same as per last Disclosure 1. A Commercial Arbitration Petition bearing number 35423/2022 was filed by Dhara Rail Projects Pvt. Ltd. (our Company) against the Union of India (“Respondent”) before the High court of Judicature at Bombay (“Ld. Court”) under Section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”). The dispute arose from a Letter of Acceptance (LOA) dated November 8, 2016, for conversion of BG Coaches into Camping Coaches for Track Machine staff. Out of 16 coaches, only 12 were made available, and the Petitioner completed work on all 12 coaches by March 28, 2019. Payments amounting to ₹ 193.84 Lakhs were released belatedly on September 20, 2019. Aggrieved by non-payment during execution, wrongful imposition of penalties, and denial of legitimate claims, the Petitioner invoked arbitration on December 28, 2019. Vide an arbitral award dated March 26, 2022, the Ld. Arbitral Tribunal partly rejected Petitioner’s claims, allegedly ignoring Respondent’s breaches, allowing claims in Respondent’s favor without counterclaims, and relying on material not on record. The Petitioner has therefore challenged the said Award specifically w.r.t claim no.’s 1, 3, 4, 5, 6, 7, 8, and 10 to 15 through the present Arbitration Petition. Accordingly, the disputed amount, to the extent quantifiable stands at ₹ 182.58 Lakhs/-.
8 Union of India, Central Railway, CSMT Mumbai 25-Sep-2023 Same as per last Disclosure Dhara Rail Projects Pvt. Ltd (“our Company”) has initiated an arbitration proceeding against the Union of India, Central Railway, CSMT Mumbai (“Respondents”) in relation to a contract awarded vide Letter of Acceptance dated March 25, 2019, for IOH of (Electrical Work) Main Line Coach Bogies. The Respondent failed to provide the required space, delaying the work and preventing its completion within the original 12-month period, leading to 3 extensions. By letter dated April 19, 2022, the Respondent further directed the our Company to execute additional quantities of work. Finally, the Contract was revised through the 4th and final variation on March 03, 2023, increasing its value to a 45% variation of the original value, which our Company contends to be wrongful. Consequently, our Company has raised claims for recovery of unpaid dues, refund of deposits and guarantees, compensation towards loss of restraining and our Company to participate in retender
9 Union of India, South Western Railway, Karnataka 29-Oct-2024 Award Received on 03.04.2026. Payment Awaited. Dhara Rail Projects Pvt. Ltd (“our Company”) has initiated an arbitration proceeding against the Union of India, South Western Railway, Karnataka (“Respondents”) in relation to a contract awarded vide Letter of Acceptance dated February 20, 2020, for refurbishment of 140 1CF designed Coaches, provision of LED light fittings & mobile /laptop charging points in AC & Non- AC Coaches arrived for POH at Central Workshops- Mysuru South. The contract was foreclosed by the counterparty vide letter dated September 28, 2021, which our Company contends to be wrongful. Consequently, our Company has raised claims for recovery of unpaid dues, refund of deposits and guarantees, compensation towards loss of restraining and our Company to participate in retender. Award Received on 03.04.2026. Payment Awaited.
10 Union of India, North Central Railway, Jhansi 23-Jan-2025 Same as per last Disclosure Dhara Rail Projects Pvt. Ltd (“our Company”) has initiated an arbitration proceeding against the Union of India, North Central Railway, Jhansi (“Respondents”) in relation to a contract awarded vide Letter of Acceptance dated March 27, 2023, for outsourcing of dismantling, disconnection, replacement and retro-fitment of electrical train lighting equipment at CMLR Workshop, Jhansi. The contract was terminated by the counterparty vide letter dated November 22, 2024, which our Company contends to be wrongful. Consequently, our Company has raised claims for recovery of unpaid dues, refund of deposits and guarantees, compensation towards loss of profit, and underutilization of resources
11 Ashraf Ali & Central Railway 13-Feb-2025 Same as per last Disclosure A writ petition bearing number 2937 of 2025 was filed by Dhara Rail Projects Pvt. Ltd. (our Company) against Ashraf Ali, Central Railway CSMT, Mumbai & Ors. (“Respondents”) before the Hon’ble High court of Judicature at Bombay (“Ld. Court”) under Article 226 of the Constitution of India (“the Act”). The present petition was filed against an order dated January 13, 2025, passed by Regional Labour Commissioner (Central) under Minimum Wages Act, 1948 directing our Company to pay Rs 43,76,953/- as overtime payment to its workers. Our Company prays to the Ld. Court that a writ of certiorari be issued and the impugned order be decided on merits and till then stay should be granted against the said impugned order. High Court upheld Labour Court Judgement.