DHP India Limited reported penalties totaling approximately ₹0.05 Crore imposed by BSE for delays in filing Annual Secretarial Compliance Reports. The company paid these fines under protest following rejected waiver applications. These disclosures highlight historical compliance gaps and regulatory oversight by the exchange.
Mahanagar Telephone Nigam Limited (MTNL) received an order from TRAI imposing a ₹0.08 Crore financial disincentive. The penalty pertains to contravention of Quality of Service standards for wireless and broadband services during the quarter ending September 2025. The company stated there is no material impact on its financial or operational activities.
Indo Euro Indchem Limited received a GST Demand Order totaling ₹0.73 Crore, comprising ₹10.69 Lakh in tax and ₹62.71 Lakh in penalties. The order alleges fraudulent Input Tax Credit (ITC) claims. The company intends to defend the matter before appropriate authorities, and the financial impact is currently considered a contingent liability.
Megastar Foods Limited received a notice from Market Committee, Rupnagar, demanding ₹73.37 Crore for alleged non-payment of Market Committee and RDF fees. The company maintains it is a processing unit exempt from these fees under state laws and is pursuing legal recourse. No immediate financial impact is expected pending adjudication.
Chalet Hotels Limited reported that the Karnataka High Court dismissed its Writ Petition challenging revised property tax rates for its Bengaluru Marriott Hotel Whitefield unit. The company will pay the disputed property tax of approximately ₹8.88 Crore. Management stated that business operations and financials remain unaffected by this outcome.
JSW Steel's subsidiary, JSWSCPL, is assessing an NCLT order regarding the CIRP of Colour Roof (India) Limited. The tribunal has directed the CoC to include additional applicants and reconsider all resolution plans afresh. JSWSCPL was previously declared the successful resolution applicant before this latest legal development.
Dr. Reddy's Laboratories' Russian subsidiary received a final penalty of ₹1.14 Crore (RUB 9.27 million) from the Russian Tax Authority. The penalty relates to VAT re-classification of marketing services. The company stated this fine has no material impact on its financials or operations.
Physicswallah Limited received a rectification order reducing a prior income tax demand from ₹263.34 Crore to ₹192.76 Crore for AY 2023-24. The company has filed an appeal against this order before the Commissioner (Appeals). Management believes it has strong grounds to contest the balance demand and expects no material financial impact.
Vikas Ecotech Ltd received income tax demand orders totaling ₹9.11 Crore for various assessment years. The demands stem from specific additions and disallowances made during assessment proceedings. The company is evaluating legal remedies and intends to file appeals, stating no immediate material impact on operations is expected.
Vikas Lifecare Limited received income tax demand orders totaling ₹22.99 Crore for various assessment years. The demands stem from additions and disallowances made during assessment proceedings. The company is evaluating legal remedies and intends to file appeals, noting no immediate material impact on operations.
Apollo Tyres Ltd received a GST penalty order of ₹0.15 Crore from the Haryana tax authority regarding an E-way Bill dispute. The company intends to appeal the order. Management stated there is no material impact on financial or operational activities.
DIC India Limited provided an update on its commercial recovery suit against Star Plastics. The District Court directed the company to initiate pre-litigation mediation and disposed of the suit. DIC India intends to challenge this order.
Bihar Sponge Iron Limited received a Rs. 16.92 Crore demand notice from Agarwal Coal Corporation Private Limited under the Insolvency and Bankruptcy Code. The company is currently reviewing the matter and taking legal steps, clarifying that it hasn't admitted any liability. This disclosure is made for regulatory compliance and transparency regarding the material claim.
Megastar Foods Limited received a notice from Market Committee, Rupnagar demanding ₹73.14 Crore in unpaid Market Committee and RDF fees. The company maintains it holds a valid license from the Punjab Mandi Board until 2030 and is exempt as a processing unit. Megastar intends to pursue legal recourse and expects no immediate financial impact.
Eraaya Lifespaces resolved a legacy shareholder dispute involving its subsidiary Ebix Payment Services. The settlement involves a ₹180 Crore buyout of minority shareholding approved by the Bombay High Court. This resolution eliminates long-standing structural constraints, enhancing operational flexibility and capital deployment efficiency across the company's payments business.
RTCL Limited received a ₹5,900 penalty from BSE for delayed filing of related party transaction disclosures for the year ended March 31, 2026. The company has submitted a waiver application, attributing the delay to an inadvertent system non-compliance. This regulatory penalty highlights minor administrative lapses in the company's SEBI compliance framework.
BPL Limited provided an update regarding an insolvency application filed by a creditor before the NCLT, Kochi. The company has been granted an opportunity to file objections. Management clarified that the filing is not expected to have a material financial or operational impact, and business activities continue as normal.
Vishal Mega Mart's subsidiary, Airplaza Retail Holdings, received a court order to pay ₹0.72 Crore plus 18% interest regarding a rent recovery suit. The court adjusted security deposits against the original ₹1.15 Crore claim. The company stated there is no material impact on operations and is evaluating next steps.
ACME Solar Holdings Ltd filed a civil writ petition before the Rajasthan High Court on April 13, 2026. This legal action challenges a GST show cause cum demand notice received on March 29, 2026. This update follows regulatory disclosure requirements regarding material litigation developments.
Lemon Tree Hotels Limited's subsidiary, Hyacinth Hotels Private Limited, received a Rs. 0.46 Crore tax and penalty demand from GST authorities. The order relates to reverse charge mechanism services for FY 2019-20 to 2023-24. The company is evaluating legal remedies and expects no material financial impact beyond the specified amount.
Swan Defence and Heavy Industries Limited received an NCLT order regarding its merger with Triumph Offshore Private Limited. The tribunal directed a meeting of Swan's equity shareholders on May 25, 2026, while dispensing with meetings for Triumph's shareholders and both companies' creditors.
Pitti Engineering Limited announced that the NCLT, Hyderabad Bench, has approved the dispensation of meetings for shareholders and creditors regarding its merger with wholly-owned subsidiaries Pitti Industries and Dakshin Foundry. The order, pronounced on April 10, 2026, advances the amalgamation process. This regulatory milestone simplifies the corporate structure and aims to generate operational synergies.
Skyline Ventures India Limited filed an FIR against former directors Mr. Prashanth Mitta and Ms. Asha Mitta for alleged fraud involving siphoning of funds and falsification of records. The estimated financial impact is approximately ₹12.23 Crore. The company has also been pushed toward potential insolvency proceedings by connected entities following the rejection of financial statements by shareholders.
RSWM Limited received an order from the Rajasthan High Court disposing of its appeal regarding a ₹11.07 Crore electricity duty levy on solar captive consumption. The company is evaluating the order with counsel for further appeal. The amount is currently treated as a contingent liability in the company's books.
Hubtown Limited received an NCLT order dated April 09, 2026, regarding its proposed merger with Saicharan Consultancy Private Limited. The tribunal directed the company to convene meetings for equity shareholders and unsecured creditors to approve the scheme. This consolidation aims to increase Hubtown's stake in its subsidiary, Rare Townships Private Limited.
NCL Industries Ltd reported a fine of Rs. 54,280 (inclusive of GST) levied by NSE for delayed filing of shareholding patterns for Q3 FY2025. The Board has reviewed the matter and emphasized strict adherence to SEBI LODR regulations to prevent future regulatory non-compliance.
Music Broadcast Limited received a ₹0.09 Crore (Rs. 8,71,476) income tax demand order for Assessment Year 2019-20. The order, issued by the Assistant Commissioner of Income Tax, Mumbai, was received via email on April 13, 2026. The company is currently evaluating the impact and its next course of action with advisors.
Munjal Showa Ltd received an income tax demand notice and penalty order totaling ₹0.37 Crore for assessment year 2015-16. The penalty relates to disallowed MAT credit and alleged inaccurate particulars. The company intends to challenge the order before the Commissioner of Income Tax Appeals.
Travel Food Services Limited received a Delhi High Court order setting aside a 2022 arbitral award previously won against the Airport Authority of India. The court declared the arbitrator's appointment 'void ab initio', rendering the award a nullity. The company is evaluating legal options to safeguard its interests regarding its Goa Airport operations.
Shiva Texyarn Ltd announced that the Hon'ble High Court of Mumbai has set aside an arbitration award involving M/s. Louis Dreyfus Company India Pvt. Ltd. The ₹1.44 Crore dispute was resolved through a mutual compromise agreement and consent terms. Consequently, the petition stands disposed of, concluding the litigation.
ALFA Finder