Medico Remedies Ltd received a penalty of ₹0.01 Crore each from NSE and BSE for non-compliance with SEBI Regulation 6(1). The company's waiver applications were rejected by both exchanges. The company has since paid the fines and confirmed compliance as of February 18, 2026.
Ansal Housing Limited received an income tax demand of ₹19.20 Crore for Assessment Year 2024-25. The demand relates to expense disallowances and income recognition differences. The company intends to appeal the order before the appropriate authority and expects a favourable outcome, stating no immediate impact on current operations.
Aban Offshore Limited provided an update on its NCLAT Chennai proceedings. The tribunal adjourned the matter involving the company's suspended Managing Director and Punjab National Bank to June 2, 2026. Existing interim orders will continue until the next hearing date.
Mangal Electrical Industries Ltd received an order from the Rajasthan State Tax Appellate Authority confirming a GST demand of ₹55.73 lakhs. The demand relates to alleged excess Input Tax Credit availment for FY 2017-18. The company intends to appeal the order before the Appellate Tribunal.
TVS Supply Chain Solutions has settled its litigation with ZTE Telecom India. ZTE Telecom paid ₹1.62 Crore to resolve operational due claims, leading the company to withdraw its appeal before the NCLAT. The settlement is deemed not material to the company's financial position.
Polychem Limited received approval from BSE Limited for a full waiver of the ₹0.20 Crore fine previously imposed for alleged non-compliance with NRC composition regulations. The company maintained it was compliant and the Exchange's relevant authority has now dropped the demand. This resolution removes a regulatory penalty and has no material financial impact.
Future Consumer Limited provided an NCLT update regarding a case filed by Resurgent India Special Situations Fund. The Company argued that the claim is barred by limitation, citing defaults dating back to May 2022. The matter has been adjourned to April 17, 2026, for further hearing and additional arguments.
Engineers India Limited (EIL) received fines totaling ₹0.11 Crore from BSE and NSE for non-compliance with board composition norms for the quarter ended December 31, 2025. The company has requested a waiver, noting that director appointments for Public Sector Undertakings are handled by the Ministry (MoPNG).
Garware Hi-Tech Films Limited received a communication from SEBI via NSE regarding non-compliances with Insider Trading Regulations. Issues identified relate to chronological gaps in the Structured Digital Database (SDD) entries between 2021 and 2024. There is no financial impact, and the company is implementing proper internal controls and checks to ensure future compliance.
National Fertilizers Limited addressed a SEBI non-compliance notice regarding Regulation 17(1) for the quarter ended December 2025. The company requested NSE and BSE to waive the fine, citing no control over Independent Director appointments. The Board will engage with the Department of Fertilizers to ensure adequate Board composition in compliance with Listing Regulations.
East West Freight Carriers Ltd received an interim order from the NCLT, Mumbai Bench, regarding its petition for share consolidation. The petition seeks to increase share face value from Rs. 2 to Rs. 10. The tribunal has listed the matter for further consideration on June 17, 2026.
AYM Syntex Limited will convene meetings for equity shareholders and unsecured creditors on May 25, 2026, following NCLT directions. The meetings pertain to the proposed Scheme of Amalgamation with Mandawewala Enterprises Limited. Remote e-voting is available from May 20 to May 24, 2026.
Purv Flexipack Limited received an income tax demand notice totalling ₹0.73 Crore for assessment years 2021-22, 2022-23, and 2024-25. The demand relates to certain additions regarding undisclosed income. The company plans to contest the demand by filing an appeal before the Commissioner of Income Tax (Appeals), stating it has no material impact on operations.
Vishal Mega Mart's subsidiary, Airplaza Retail Holdings, received an order from the Assistant Labour Commissioner Court, Uttar Pradesh. The order directs a recovery of ₹1.38 Crore for alleged violations under the Minimum Wages Act, 1948. The company is currently reviewing the order and expects no material impact on operations.
Urban Enviro Waste Management Limited received a Rs. 10,000 fine (plus GST) from the NSE for non-compliance with SEBI Regulation 29 for March 2026. The company attributed the lapse to inadvertent oversight and confirmed no material impact on operations. Necessary disclosures have been made to the exchange following the penalty notice dated April 15, 2026.
Trustwave Securities Limited has fixed April 27, 2026, as the record date for its NCLT-approved capital reduction. The plan reduces paid-up equity capital by 95% to write off accumulated losses of approximately ₹6.21 Crore. This restructuring aims to present a true financial position and enable future dividend distributions.
Zydus Lifesciences' subsidiary, GRPPL, received an appellate order dropping a previously imposed GST penalty of ₹0.17 Crore (Rs. 1.66 million) for FY 2018-19. The Office of Commissioner (Appeals) Ahmedabad set aside the demand, resulting in no material impact on the company's financials or operations.
India Glycols Ltd received a GST appellate order setting aside a prior Rs.7.21 Lakh penalty. A nominal penalty of Rs.10,000 was imposed due to a clerical mistake in an E-way bill. The company decided not to appeal given the small quantum of the fine.
Sarla Performance Fibers Limited submitted its Annual Secretarial Compliance Report for FY 2025-26. The report notes a Rs. 0.01 Crore penalty from NSE for late filing and details clarifications provided to BSE regarding XBRL data discrepancies. The company has appealed the NSE penalty and rectified reporting errors.
Samvardhana Motherson's US subsidiary, Motherson SAS, received a $28,518 (₹0.27 Crore) tax penalty from California's Franchise Tax Board. The penalty relates to sales classification in tax returns for the year ended March 31, 2025. Management states there is no material impact on the company's financials or operations.
Radiant Cash Management Services reported a ₹3.13 Crore fraud at its subsidiary, RadiantAcemoney, involving unauthorized transactions by a former employee. The incident, spanning July 2025 to February 2026, is confined to a limited number of agent accounts. Management stated the consolidated financial impact is not material and has initiated legal and corrective actions.
Sagility Ltd received a ₹100.0 Crore income tax demand (including interest) for Assessment Year 2023-24 from the Income Tax Department. The company believes the demand is not maintainable and is in the process of filing an appeal and rectification application. Management expects no material impact on financials or operations.
Rama Steel Tubes Limited received an administrative warning letter from SEBI on April 15, 2026. The letter alleges non-compliance with Insider Trading Regulations during FY 2022-23. The company stated there is no impact on financial or operational activities and will take steps to address SEBI's concerns.
Trustwave Securities Limited has fixed April 27, 2026, as the record date for its capital reduction scheme. Approved by the NCLT Mumbai Bench, the paid-up equity capital will be reduced by 95% to write off accumulated losses. This restructuring aims to present a true and fair view of the company's financial position.
Starlog Enterprises Limited's subsidiary, Starlift Services, secured a favourable order from the Calcutta High Court. The court set aside a previous ruling and restored a ₹9.02 crore arbitration award plus interest originally granted in 2011 against Syama Prasad Mookerjee Port. This legal victory reinstates a significant material claim for the company's subsidiary.
Parmeshwar Metal Ltd received a GST order from the Gujarat authorities confirming a demand of ₹1.59 Crore and penalties of ₹6.07 Crore, totalling ₹7.66 Crore. The issue involves alleged inadmissible ITC from non-existent suppliers. The company intends to appeal and believes the order will be set aside, expecting no material financial impact.
Container Corporation of India Ltd received a GST demand and penalty totaling ₹0.76 Crore from the Hyderabad Customs & Central Tax authority. The demand relates to alleged ineligible ITC and unpaid tax on Other Income. The company believes there is no material financial impact and intends to file an appeal.
Cosco (India) Limited announced a 35% upward revision in minimum wages in Haryana, effective April 1, 2026. The change impacts its Gurugram factory. The management has noted the notification, though the exact financial impact is currently being quantified.
V-Guard Industries Ltd received a Show Cause Notice from CGST authorities regarding a ₹17.76 Crore short payment of GST. The notice concerns the alleged availment of excess Input Tax Credit between FY 2020-21 and 2023-24. The company is evaluating the notice and intends to file a rebuttal, stating it has strong grounds to challenge the observations.
Graphisads Limited reported multiple tax demands and penalties from GST authorities totaling approximately ₹0.53 Crore. The company has filed appeals against these orders before the Hon'ble Appellate Authority. Additionally, the company reported nil investor grievances for the quarter ended March 31, 2026.