Marushika Technology Limited received a penalty order from ROC Delhi for non-compliance with Section 137(3) for FY 2023-24. A total penalty of ₹1,53,400 was imposed on the company and two directors. The company had filed Form AOC-4 instead of AOC-4 CFS within the prescribed timeline.
STL Networks Limited subsidiary Clearcomm Group Limited settled a £543,501 breach of contract claim with Comex 2000 (UK) Limited for £25,000 (₹0.31 Crore). The UK High Court subsequently dismissed the claim with no order as to costs, resulting in no significant financial impact on the company.
Digilogic Systems Ltd received three Adjudication Orders from ROC Hyderabad imposing penalties totaling approximately ₹9.47 Crore on the company and its directors. The penalties relate to procedural lapses in three private placements during FY 2024-25. The company intends to challenge these orders before the Regional Director and currently reports no immediate financial impact.
Allied Blenders and Distillers Ltd received favorable orders from the Commissioner of Income Tax (Appeal) for Assessment Years 2014-15 to 2024-25. The orders resulted in a net nil tax liability for the company, effectively resolving the ongoing tax litigation. This development provides significant regulatory and financial clarity for investors.
Nuvama Wealth's subsidiary, NWIL, received a ₹0.09 Crore penalty from the NSE for operational observations regarding margin reporting. The company is filing a review application for a waiver. Management states there is no material impact on financials or operations.
Symphony Limited received a favorable GST appeal order reducing a previous tax demand from Rs.2.65 Crore to approximately Rs.28,162. The department entirely dropped interest liabilities of Rs.2.65 Crore related to FY 2017-18. Management confirms there is no material impact on the company's financials or operations.
Allied Blenders and Distillers' subsidiary, ABD Dwellings Private Limited, received a favorable tax order reducing its ₹16.16 Crore income-tax liability to zero. This resolution of litigation by the Commissioner of Income-tax (Appeals) removes the stated financial obligation.
Future Consumer Limited provided an update on the NCLT hearing regarding a case filed by State Bank of India. The Tribunal granted the company one week to reply to an amended form filed by SBI. The matter is adjourned to June 4, 2026.
Associated Alcohols & Breweries Limited (AABL) received NCLT approval to acquire SDF Industries Ltd for ₹30.85 crore. The acquisition includes a distillery-cum-bottling unit in Kerala with a monthly IMFL capacity of ~3.60 lakh cases. Operations at the facility are expected to commence by September 2026, strengthening AABL's presence in the Kerala market.
Vodafone Idea Limited received an order from the GST authority, Guwahati, imposing a penalty of ₹0.16 Crore for alleged tax non-payment under reverse charge for FY 2018-19 and 2019-20. The company disagrees with the order and intends to take appropriate legal action. The maximum financial impact includes the tax demand, interest, and penalty.
Bajaj Electricals Limited received a favorable Appeal Order reducing a prior GST demand from Rs. 83.78 lakh to Rs. 3.61 Crore. The management has accepted the revised demand, which includes a Rs. 0.33 lakh penalty. There is no material impact on the company's operational or financial activities.
Dalmia Bharat Sugar and Industries Limited filed an e-appeal against an income tax assessment order for AY 2023-24. The dispute involves disallowances and additions totaling ₹42.54 Crore under Sections 80 IA and 80JJA. The company expects relief from the Commissioner of Income-tax (Appeals).
Glottis Limited received a GST scrutiny notice (Form ASMT-10) for FY 2022-23 alleging wrongful ITC claims. The notice proposes a liability of approximately ₹2.73 Crore. The company is currently evaluating the allegations and states there is no material impact on its financial position at this stage.
Bharti Airtel received a Rs. 0.21 Crore financial disincentive from TRAI for alleged non-compliance with billing accuracy regulations during FY 2021-22. The company disagrees with the order and plans to take appropriate action. The financial impact is limited to the levied penalty.
TCFC Finance Limited received an NCLT order approving a scheme for share capital reduction. The company will cancel 5,33,334 equity shares, reducing capital by ₹0.53 Crore. This administrative move involves debiting the paid-up capital and crediting retained earnings without cash consideration.
Inventure Growth & Securities Ltd reported an insider trading violation involving Kevin Shah, a relative of Whole Time Director Lasha Meet Rita. The violation concerned the purchase of 10,000 shares worth ₹0.0092 Crore during a trading window closure. The company issued warning letters as the trade was deemed inadvertent and insignificant.
Prudent Corporate Advisory Services received a GST notice from the DGGI involving a tax demand of ₹3.72 Crore for FY22-23. The notice alleges ineligible input tax credit claims. The company is reviewing the notice and expects no material impact on its operations.
Prakash Steelage Limited received a Show Cause Notice from SEBI on April 22, 2026, regarding alleged violations of various LODR Regulations. This follows an ongoing investigation previously disclosed in March 2024. The company is currently preparing a response to be submitted within permitted timelines.
NIS Management Ltd received a GST notice (Form GST ASMT-10) from the CGST authorities regarding alleged ITC discrepancies for FY 2022-23. The matter is at a preliminary stage with no material financial impact currently ascertainable. The company is reviewing observations and will submit a response in Form GST ASMT-11 within prescribed timelines.
Lypsa Gems & Jewellery Limited received a SEBI Adjudication Order dated April 16, 2026, imposing a total penalty of ₹0.18 Crore. The penalty relates to alleged violations of SEBI LODR and PFUTP Regulations. The company is currently reviewing the order to assess further legal remedies.
BlackBuck Limited received favourable income tax orders for AY 2021-22 and 2022-23, setting aside ESOP expense disallowances totalling ₹106.59 Crore. The Deputy Commissioner of Income Tax, Bengaluru passed these orders following appellate relief. The company stated these developments are favourable with no adverse financial impact.
Hindustan Tin Works Ltd received an order from Commissioner (Appeals-I), CGST, Delhi, upholding a GST demand of ₹3.74 Crore plus interest and penalties for the period July 2017–March 2021. The company intends to appeal this order before the GST Appellate Tribunal and expects a favorable outcome with no material operational impact.
Vas Infrastructure Ltd announced that the Hon'ble NCLT Mumbai Bench has scheduled a hearing on May 07, 2026. The tribunal will consider a Resolution Plan submitted by Authum Investment & Infrastructure Limited under the Insolvency and Bankruptcy Code (IBC) 2016.
The Hi-Tech Gears Limited informed that the NCLAT has adjourned the hearing regarding the stay on its CIRP process to July 10, 2026. The interim stay on the insolvency process remains in effect as per the previous order.
JSW Dulux Limited received a GST order from the Karnataka GST Department involving a demand of ₹14.76 Crore (including tax, interest, and penalty). This follows a significantly higher initial demand of ₹101.09 Crore. The company is currently evaluating further submissions to the relevant authorities within the permitted timeframe.
Lumax Auto Technologies Limited announced that the Hon'ble NCLT, New Delhi Bench, has reserved its order regarding the Second Motion petition for the merger with IAC International Automotive India Private Limited. The final pronouncement date is yet to be listed. This update follows the completion of hearings where regulatory bodies raised no specific objections.
Interarch Building Solutions received a Rs. 3.11 Crore tax demand from the Income Tax Department for AY 2025-26. The demand arises from a disallowance of deduction for gratuity payments. The company intends to file a rectification application, describing it as a contingent demand that will be quashed or rectified.
3i Infotech's Singapore subsidiary received an arbitration order from VIAC regarding a contract dispute with Bao Minh Insurance. The order demands a ₹3.45 Crore refund and penalty. The company is evaluating legal remedies and intends to dispute the order as it was passed unilaterally without a hearing.
Ajanta Pharma announced the conclusion of a US FDA inspection at its Paithan facility. The audit, conducted from April 13 to April 21, 2026, ended with five Form-483 observations. The company stated it will respond to the regulator within the stipulated timeline.
Dalmia Bharat Limited's subsidiary, DCBL, obtained an ED order releasing its attached land parcels after submitting a ₹92.52 Crore bank guarantee. This follows a PMLA Tribunal order reducing the alleged 'Proceeds of Crime' from ₹793.34 Crore to ₹92.52 Crore. The company is appealing the remaining alleged amount.
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