5001792026-10-065001792026-10-06in-capmkt:StageOfTheLitigationIsConcludedOrDisputeIsResolvedMember5001792026-10-06in-capmkt:ChangeInStatusMemberHCL-INSYSHCL INFOSYSTEMS LIMITED500179NOTLISTEDINE236A01020Pendency of any litigation(s) or dispute(s) (Sub-para 8-Para B)Regularly till the litigation is concluded or dispute is resolvedNewfalse2026-10-0611:40:002026-10-06Change in statusHCL Infotech Limited, a wholly owned subsidiary of the HCL Infosystems Limited (‘the Company’), has received a judgment passed by the Principal District Judge, Muzaffarpur, Bihar in the Section 34 Objection Petition bearing Miscellaneous (Arbitration) Case No. 249 of 2019, titled as ‘Uttar Bihar Gramin Bank v. HCL Infotech Limited’. The said Objection Petition was filed by Uttar Bihar Gramin Bank(‘UBGB’) against HCL Infotech Limited(‘HCL’), challenging the Arbitral Award dated 29.10.2019. As per the Arbitral Award dated 29.10.2019 certain claims of HCL (to the tune of approx. ₹13.41 Crore under various heads, together with pendente lite and future interest @ 18% per annum, and a further sum of ₹20 lakh towards costs) were allowed and the counter claims of UBGB were rejected2026-10-06The summary of the impugned judgment dated 16.09.2026 (received by HCL on 06.10.2026) is that the Ld. Principal District Judge, while allowing the Objection Petition filed by UBGB, held that the Arbitral Tribunal failed to make a categorical finding that the termination of the Service Agreement dated 11.12.2012 by UBGB was legally invalid. The Ld. Judge further held that the Tribunal had mechanically relied upon Section 31(7) of the Arbitration and Conciliation Act, 1996 while awarding interest at 18% per annum, without examining the applicable statutory provision or recording reasons for treating 18% as a reasonable rate. The Ld. Judge further held that the claims of HCL which are independent of the legality of termination and legally and factually severable shall remain unaffected.OthersHCL Infotech Limited, wholly owned subsidiary of HCL Infosystems Limited