Religare Enterprises Legal & Regulatory
Religare's subsidiary, Care Health Insurance, received a rectification order reducing its tax liability to ₹45.16 Crore. The company continues to appeal the original assessment additions.
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- ₹45.16 Cr
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Religare's subsidiary, Care Health Insurance, received a rectification order reducing its tax liability to ₹45.16 Crore. The company continues to appeal the original assessment additions.
Himatsingka Seide Limited updated investors on ongoing transfer pricing litigation involving Rs. 6.90 crore. The company plans to appeal a High Court order in the Supreme Court.
SecureKloud Technologies remitted ₹1.42 Crore in interest for full settlement of Recovery Certificate No. 8711. The payment concludes outstanding dues, clearing related regulatory liabilities.
Delta Corp Ltd provided an update regarding a PIL filed before the Bombay High Court. The Court ordered that permission is required before its new cruise vessel sails into River Mandovi, contingent on obtaining necessary certificates. The company is currently in the process of securing these required certifications.
Zee Entertainment Enterprises Limited has filed a commercial suit in the Delhi High Court against Jiostar India Private Limited. The company claims ₹28.75 Crore in damages for unauthorized use of copyrighted sound recordings following a license expiry. This litigation aims to protect Zee's intellectual property assets and music rights.
Akash Infra Projects Limited received a court order upholding prior Arbitrator's Awards in a dispute with Ahmedabad Municipal Corporation. The Commercial Court rejected both the Corporation's plea to quash awards and the company's plea for higher compensation. No immediate financial implications were disclosed as the awards remained unchanged.
Ramky Infrastructure Limited received a notice from the Registrar of Companies (ROC), Hyderabad, initiating an investigation under section 210 of the Companies Act 2013. The investigation pertains to company affairs between FY 2014-15 and FY 2021-22. Management reports no allegations or financial implications currently and is cooperating with authorities.
Sandu Pharmaceuticals Limited paid a Rs.31,699 penalty to GST authorities in Uttar Pradesh following a detention order for quantity discrepancies in goods. The company accepted the liability on May 6, 2026, leading to the dropping of proceedings. Management stated there is no major financial impact on the company.
JTEKT India Limited received an Income Tax Assessment Order for FY 2022-23 involving a demand of ₹13.74 Crore. The demand arises from additions/disallowances totaling ₹31.37 Crore. The company intends to appeal the order before the Commissioner of Income Tax (Appeals) and states there is no material impact on operations.
Charms Industries Limited has fixed May 20, 2026, as the Record Date for its share capital reduction scheme approved by the NCLT. Existing shares of Rs. 10 each will be reduced to Rs. 1 each. This internal restructuring aims to write off accumulated losses and present a realistic balance sheet without impacting creditor interests.
Tara Chand Infralogistic Solutions Limited paid a fine of ₹7,080 (including GST) levied by the NSE. The penalty related to non-compliance with SEBI Regulation 17(1A) concerning the continuance of a Non-executive Director over 75 years old. The Board noted the delay was inadvertent and has taken steps to strengthen internal compliance systems.
Crompton Greaves Consumer Electricals received an order from the District Consumer Commission, Rewari, regarding a defective ceiling fan. The company is directed to replace the fan and pay ₹11,000 in compensation for mental agony. Management stated there is no material impact on financials or operations.
The Supreme Court dismissed a petition by BNCMC against Antony Waste Handling Cell Ltd, upholding a prior settlement. BNCMC is ordered to pay ₹15 Crore within three months, failing which 9% annual interest applies. This outcome concludes a long-standing litigation regarding a 2005 solid waste management contract.
STL Networks Limited submitted its Annual Secretarial Compliance Report for FY2026. The report notes that NSE imposed a ₹0.01 Crore fine for delayed compliance with Regulation 23(9) during the September 2025 quarter, which the company has since paid. The company remains compliant with other SEBI listing regulations.
TeamLease Services Limited has filed an appeal with the Gujarat High Court against an EPFO order regarding PF applicability for NEEM trainees (July 2014–June 2022). The order currently carries no quantifiable financial liability. The company is seeking a stay, citing a similar favorable interim stay previously obtained from the Madras High Court.
Nuvama Wealth Management's subsidiary, NWIL, received an administrative warning letter from SEBI on May 6, 2026. The letter follows an inspection of broking and depository operations for 2024-25. The company confirmed there is no impact on financials or operations for the listed entity or its subsidiaries.
R Systems International Limited was fined ₹5,000 each (₹0.001 Crore total) by BSE and NSE for a 17-minute delay in filing RPT disclosures. The delay was attributed to technical portal errors. The Board has paid the fines and directed management to strengthen upload processes to prevent future recurrences.
Awfis Space Solutions Ltd received final orders from the GST Department dropping tax demands totalling ₹2.97 Crore for FY 2019-20, FY 2023-24, and FY 2024-25. The company confirmed that no liability subsists for these periods, providing significant regulatory relief. Proceedings for other financial years remain pending with the authorities.
TeamLease Services Limited has filed an appeal with the Hon'ble High Court of Gujarat against an EPFO order regarding PF applicability for NEEM trainees. The company seeks a stay on the order, noting no immediate financial impact as dues are currently unquantified. The matter is disclosed as a contingent liability in financial statements.
JSW Energy subsidiaries have filed writ petitions in the Himachal Pradesh High Court challenging the constitutional validity of new land revenue legislation. The company contests levies on hydroelectric projects, arguing they target generation infrastructure rather than land. The outcome may impact operational costs for its regional hydro plants.
TeamLease Services received an Order-in-Appeal from the Commissioner of CGST & Central Excise upholding a penalty of ₹32.29 Crore related to manpower services invoices from 2017-2022. The company denies the allegations and is filing a writ petition before the High Court of Karnataka to stay recovery proceedings. No material operational impact is expected.
UltraTech Cement received an Income Tax assessment order for AY 2023-24 with a demand of ₹808.78 Crore. The demand arises from additions/disallowances regarding tax holiday claims, TP adjustments, and ESOP expenses. The company plans to appeal, citing strong legal grounds and favorable prior orders, and expects no material impact on operations.
Integrated Hitech Ltd has informed the exchange that the NCLT Chennai allowed the company to withdraw its petition (CP(CA)/105/CHE/2025). The matter stands disposed of as withdrawn following the hearing held today. This closure of legal proceedings simplifies the company's current regulatory and litigation landscape.
Integrated Hitech Limited has withdrawn its Company Petition (CP(CA)/105/CHE/2025) for Reduction of Share Capital filed before NCLT Chennai. The withdrawal, approved via circular resolution on May 06, 2026, was attributed to technical discrepancies in the filing.
Khaitan Chemicals and Fertilizers Limited received a ₹0.01 Crore penalty notice from BSE and NSE for non-compliance with board composition regulations. The penalty resulted from a temporary shortfall in Non-Executive Directors. Management confirmed the penalties have been paid and corrective actions are underway.
Electrotherm (India) Ltd submitted its Annual Secretarial Compliance Report for FY2026. The report notes fines totaling approximately ₹0.12 Crore imposed by BSE and NSE for non-compliance with Board composition norms. The company has since appointed a new director to rectify the composition and restore regulatory compliance.
Jaiprakash Power Ventures Ltd paid fines totaling ₹0.45 Crore to NSE and BSE for non-compliance with SEBI LODR Regulation 19 regarding committee composition. The penalties relate to consecutive quarters ended March and June 2023. The company confirmed these payments have no material impact on financial or operational activities.
Ambuja Cements Limited penalised a Designated Person, Mr. Kiran Kotian, for violating insider trading regulations by trading during a window closure. A penalty of Rs. 25,005 and profit disgorgement of Rs. 1,595 were levied and deposited into the IPEF. This highlights the company's strict adherence to SEBI compliance frameworks.
United Heat Transfer Limited received a GST ASMT-10 notice regarding a ₹0.76 Crore discrepancy for F.Y. 2022-23. The discrepancy arises from differences between GST payable and paid in GSTR-9. The company stated there is no immediate impact on finances or operations.
Nucleus Software Exports Ltd received an income tax demand of ₹0.28 Crore for Assessment Year 2023-24 from the Income Tax Department, Delhi. The demand relates to transfer pricing adjustments on intercompany transactions. The company plans to appeal the order and expects no material impact on its operations or financials.