The actor faces six years in jail for possession of arms. Bollywood star Dutt was convicted by a special Terrorist and Disruptive Activities Act (TADA) court under Arms Act.
The 53-year-old actor has spent 18 months in jail and is out on bail.
A division bench of Justice P Sathasivam and Justice BS Chauhan of Supreme Court is scheduled to pronounce the verdict.
"We are awaiting the final verdict," advocate Farhana Shah, who represented many accused in the trial court and the Supreme Court.
The terror attacks were masterminded by Dawood Ibrahim, don of the Bombay-based international organised crime syndicate named D-Company. Police is yet to catch hold of him.
Several of the accused during their confession said that the "conspiracy" was hatched to take the revenge of deaths of Muslims during the riots that followed the demolition of the Babri Masjid in Ayodhya in December 1992.The memories of the day is still fresh in the minds of the victims and their families who are still waiting for justice.
"This is just an exercise on paper. What closure can victims feel after 20 years? I have undergone 40 surgeries to remove shards of glass that are still embedded in my body," said Kirti Ajmera, who was injured in the blasts at Bombay Stock Exchange, one of the terror attack sites.