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Jyoti Ltd received a rectification order from the Income Tax Department for AY 2020-21. The order levies an income tax demand of Rs.6.82 Crore including interest.
Jyoti Ltd disclosed BSE's rejection of its listing application for 59,63,636 shares allotted to Rare Asset Reconstruction. The company is pursuing appeal before the appropriate authority.
The Bombay City Civil Court dismissed a civil suit filed by Navinbhai Cables Private Limited against Jyoti Ltd. The company reports no material financial impact.