Latest announcements

Kaveri Seed Company Legal & Regulatory

Kaveri Seed Company Ltd received a favorable appellate order setting aside a ₹69.59 Crore income tax demand for Assessment Year 2023-24. The authority allowed the company's claim treating the disputed amount as exempt agricultural income. This resolution removes the previously disclosed contingent liability with no adverse financial impact.

Value

₹69.59 Cr

Adani Green Energy Legal & Regulatory

Adani Green Energy's directors, Gautam and Sagar Adani, intend to move for dismissal of the US SEC's complaint by April 30, 2026. The grounds include lack of personal jurisdiction and failure to state a claim. The company itself is not a party to these proceedings and faces no charges.

Bharti Airtel Legal & Regulatory

Bharti Airtel Ltd received a notice from the Department of Telecommunications (DoT), Maharashtra LSA, imposing a ₹0.01 Crore penalty. The fine pertains to alleged violations of subscriber verification norms identified during a December 2025 audit. The company has opted not to contest the order and will pay the penalty.

Value

₹0.01 Cr

VST Industries Legal & Regulatory

VST Industries received a GST demand order of ₹0.74 Crore (including penalty) from Andhra Pradesh authorities for non-payment of export-related refunds between FY 2020-21 and FY 2023-24. The company plans to contest the demand through appellate action.

Value

₹0.74 Cr

Kaveri Seed Company Legal & Regulatory

Kaveri Seed Company Ltd won a major tax appeal as the CIT (Appeals) set aside a ₹56.21 Crore income tax demand for AY 2022-23. The authority accepted the company's claim treating the disputed amount as tax-exempt agricultural income. This ruling removes a significant potential liability and has no adverse financial impact.

Value

₹56.21 Cr

VMS Industries Legal & Regulatory

VMS Industries Ltd has received a GST order confirming a total demand and penalty of ₹22.94 Crore. The order relates to alleged circular trading and fraudulent ITC availment for FY 2024-25. The demand represents 7.95% of the company's annual turnover, and the management plans to contest the order before appellate authorities.

Value

₹22.94 Cr

Newgen Software Technologies Legal & Regulatory

Newgen Software Technologies' appeal was dismissed by Qatar's Court of Cassation. The company must pay approximately ₹13.26 Crore, comprising USD 1.37 million plus QAR 200,000 in damages and costs. This concludes the litigation regarding the adverse order from Qatar's Investment and Trade Court.

Value

₹13.26 Cr

Gaudium IVF And Women Health Legal & Regulatory

Gaudium IVF and Women Health Limited updated the Exchange regarding a dispute with Neomile Corporate Advisory Limited. The Bombay High Court disposed of the arbitration petition and appointed Hon’ble Mr. Justice Nitin Jamdar as the Sole Arbitrator. The company and its promoter, Dr. Manika Khanna, are parties to the proceedings, which currently have no financial impact.

Tanla Platforms Legal & Regulatory

Tanla Platforms Limited received a ₹46.90 Crore income tax demand notice (including interest) for AY 2020-21 regarding TDS on asset purchases. The company intends to contest the demand and notes that any liability is contractually borne by the seller under a Purchase Agreement, minimizing material financial impact.

Value

₹46.90 Cr

Highway Infrastructure Legal & Regulatory

Highway Infrastructure Limited has been penalized ₹0.26 Crore by NHAI following the company's decision to withdraw its Letter of Acceptance for the Venkatapalem Fee Plaza operations. The company cited a lack of commercial viability for the project. The penalty represents the primary financial impact of this termination.

Value

₹0.26 Cr

Rachana Infrastructure Legal & Regulatory

Rachana Infrastructure Limited received a GST demand order for ₹1.24 Crore plus interest and penalties from the Commissioner of CGST (Appeals), Surat. The demand relates to alleged ineligible input tax credit. The company intends to appeal the order before the Appellate Tribunal and does not expect a material financial impact.

Value

₹1.24 Cr

GE Vernova T&D India Legal & Regulatory

GE Vernova T&D India Limited received an order from Customs authorities imposing a total financial impact of ₹0.32 Crore. This includes differential duty, a penalty, and a redemption fine related to imported goods. The company stated there is no material impact on its operations.

Value

₹0.32 Cr

Praveg Legal & Regulatory

Praveg Ltd received a GST Show Cause Notice for FY 2020-21 involving ₹0.19 Crore due to alleged inadmissible input tax credit from suppliers with cancelled registrations. The company is evaluating the notice and preparing a response, stating it has complied with applicable laws.

Value

₹0.19 Cr

Karma Energy Legal & Regulatory

Karma Energy Limited received a Rs. 0.06 Crore fine from BSE Limited for non-compliance with Board composition and committee requirements under SEBI LODR. The company is evaluating an appeal for a waiver. The penalty has no impact on operations.

Value

₹0.06 Cr

Karma Energy Legal & Regulatory

Karma Energy Ltd has been fined ₹0.06 Crore (Rs. 5,80,560) by BSE Ltd for non-compliance with SEBI LODR Regulations 17 and 20. The violations pertain to board composition and Stakeholders Relationship Committee maintenance. The company is evaluating a fine payment or waiver appeal.

Value

₹0.06 Cr

Aban Offshore Legal & Regulatory

Aban Offshore Limited provided a clarification regarding a disclosure under Regulation 30. The company stated that the Hon’ble NCLAT order dated March 27, 2026, was uploaded on April 06, 2026, and was disclosed immediately, denying any delay in submission. The firm remains under the Corporate Insolvency Resolution Process.

SRF Legal & Regulatory

SRF Limited received an income tax assessment order for AY 2022-23 with a demand of ₹327.44 Crore. The company states the demand arose from a technical error and has filed for rectification and appealed to the ITAT. Management believes the order is not legally sustainable with no immediate financial impact.

Value

₹327.4 Cr

Mahindra Lifespace Developers Legal & Regulatory

Mahindra Lifespace Developers announced that its subsidiaries, MWCDL and MIPCL, received a favorable order from the Principal District Court, Thiruvallur. The order settles a land dispute with Harsha Estates, confirming land rights in favor of the company with no material financial impact.

VST Tillers Tractors Legal & Regulatory

VST Tillers Tractors Ltd received a final GST assessment order from Tamil Nadu authorities. The initial demand of ₹6,736.73 lakhs was significantly reduced to ₹37.30 lakhs following company representations. The company clarified there is no material financial impact beyond this final payment, which will be adjusted against existing appeal deposits.

Value

₹0.37 Cr

Bajaj Electricals Legal & Regulatory

Bajaj Electricals Limited received an adverse GST Appeal Order confirming a demand of ₹3.45 Crore, including a ₹31.53 Lakh penalty for FY 2018-19. The demand relates to alleged short payment of tax. The company is evaluating legal options, including a tribunal appeal or writ petition, noting no material impact on operations.

Value

₹3.45 Cr

Zydus Lifesciences Legal & Regulatory

Zydus Lifesciences received a favorable order from the GST Adjudication Authority, Gandhinagar, dropping a tax demand of ₹4.18 Crore for FY 2019-20. The company noted the event is not material under SEBI regulations and was disclosed as a good governance practice.

Value

₹4.18 Cr

Libas Consumer Products Legal & Regulatory

The Bombay High Court issued a Non-Bailable Warrant against Riyaz Ganji, Promoter and MD of Libas Consumer Products Limited, for non-appearance at a hearing. The court has directed Mr. Ganji to appear at the next hearing scheduled for April 27, 2026. This pertains to an ongoing matter involving G S Majestic Developers Pvt. Ltd.

Regency Ceramics Legal & Regulatory

Regency Ceramics Limited received a favorable judgment from the Principal District Court, Puducherry, in its dispute with National Insurance Company. The court modified an arbitral award to ₹133.31 Crore in favor of the company. This legal victory is expected to significantly strengthen the company's financial position.

Value

₹133.3 Cr

Tirupati Sarjan Legal & Regulatory

Tirupati Sarjan Ltd received four Income Tax demand notices totaling ₹18.13 Crore for various assessment years between 2016-17 and 2020-21. The demands relate to additions of unexplained expenditure and cash credits. The company intends to file appeals against these orders before the Appellate Authority.

Value

₹18.13 Cr

Ahluwalia Contracts (India) Legal & Regulatory

Ahluwalia Contracts (India) Ltd received an administrative warning letter from SEBI for failing to hold Risk Management Committee meetings within the mandated 180-day interval. The company acknowledged a 270-day gap between two 2023 meetings and committed to future compliance. This regulatory warning highlights a lapse in corporate governance reporting.

Tirupati Sarjan Legal & Regulatory

Tirupati Sarjan Ltd received four income tax demand notices totaling ₹18.13 Crore under Section 156 for multiple assessment years. The demands relate to unexplained expenditure and cash credits. The company intends to appeal these orders before the Appellate Authority, citing that the initial filing delay was due to administrative oversights during financial year-end activities.

Value

₹18.13 Cr

Matrimony.com Legal & Regulatory

Matrimony.com Ltd has received GST penalty orders totaling ₹10.24 Crore from authorities in Tamil Nadu, Karnataka, Kerala, and Maharashtra. The penalties relate to ITC and ISD discrepancies between 2019 and 2023. The company intends to contest these orders through legal appeals and maintains there is no material financial impact.

Value

₹10.24 Cr

V-Guard Industries Legal & Regulatory

V-Guard Industries received a GST audit report alleging a short payment of ₹17.76 Crore for FY 2020-21 to 2023-24. The issues relate to inadmissible or excess Input Tax Credit (ITC) and GSTR-9 reconciliation differences. The company intends to challenge the findings, noting this is not yet a formal demand order.

Value

₹17.76 Cr

V-Guard Industries Legal & Regulatory

V-Guard Industries received a customs order imposing a total financial demand of ₹3.75 Crore, including differential duty, interest, and penalties for product misclassification between 2019 and 2024. The company is evaluating the order's merits and plans to file an appeal before the CESTAT.

Value

₹3.75 Cr

Panacea Biotec Legal & Regulatory

Panacea Biotec Ltd has received a rectified Assessment Order for AY 2016-17 from the Income Tax Department. The order successfully nullifies the previous tax demand of approximately ₹10.23 Crore, determining the company's final tax liability as Nil. This rectification removes the potential financial liability and has a positive impact on the company's financials.

Value

₹10.23 Cr