has reached a settlement agreement with Continental Casualty Company and Western Surety Company, resolving a legal dispute in the United States. The company will pay approximately $5 million (₹44 crore) to settle claims that originally amounted to around $40 million. The lawsuit, filed in 2019, stemmed from sureties issued for ASI Constructors Inc., a former US subsidiary of Patel Engineering. PEL will make provisions for the settlement amount in its financial statement for the quarter ending September 30, 2025, with payments to be made in tranches from internal accruals. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.