3i Infotech Ltd

⚠️ 3i Infotech Subsidiary Faces Arbitration Order in Vietnam Over Software Dispute

- 3i Infotech's Singapore subsidiary received an arbitration order from Vietnam International Arbitration Centre (VIAC) on April 21, 2026 (dated April 3, 2026).

- Dispute involves a Software Principal Agreement with Bao Minh Insurance Corporation for PREMIA 11 insurance system implementation.

- Bao Minh alleges non-delivery of agreed scope, project delays, and non-performance, seeking a refund of an advance payment of USD 333,262.57.

- Potential liabilities include a contractual penalty of USD 37,388.20 and reimbursement of travel/accommodation costs of VND 4,858,512.

- Subsidiary will dispute the order, claiming it was passed unilaterally without an opportunity to be heard, and is evaluating legal remedies.

- Legal notice will be issued to Azentio Software Private Limited for indemnification based on a Business Transfer Agreement, as some operations were transferred.