Latest announcements

Digilogic Systems Legal & Regulatory

Digilogic Systems Ltd announced that the Regional Director has set aside prior adjudication orders from ROC, Hyderabad. This decision nullifies approximately ₹12.73 Crore in original penalties and absolves the company and its directors of all demands and liabilities. The matter is now fully resolved in the company's favor with no operational impact.

Value

₹12.73 Cr

SEPC Legal & Regulatory

SEPC Limited received an Administrative Warning Letter from SEBI dated April 30, 2026. The warning relates to delayed disclosures of arbitration proceedings and a settlement agreement with Hindustan Copper Limited. The company stated it is committed to strengthening its compliance framework and ensuring timely disclosures in accordance with SEBI regulations.

Hubtown Legal & Regulatory

Hubtown Limited received an NCLT order directing it to convene an equity shareholders' meeting to approve its proposed merger with 25 West Realty Private Limited. The meeting must be held within 60 days. This procedural step advances the internal group reorganization and merger process announced in June 2025.

Execution

60 days

Mphasis Legal & Regulatory

Mphasis Ltd reported a ₹0.01 Crore fine imposed by NSE and BSE for non-compliance with board composition norms regarding independent directors. The company has submitted a waiver application to the exchanges. All other secretarial standards and SEBI regulations were found to be in compliance for FY2026.

Value

₹0.01 Cr

Puravankara Legal & Regulatory

Puravankara Ltd received favourable appellate orders for assessment years 2010-11, 2013-14, and 2014-15. The Commissioner of Income Tax (Appeals) allowed previously disallowed Section 80-IB deductions, resulting in a total tax liability reduction of ₹27.75 Crore plus interest.

Value

₹27.75 Cr

Awfis Space Solutions Legal & Regulatory

Awfis Space Solutions Limited received final orders from the GST Department dropping tax demands totaling ₹2.97 Crore for FY 2019-20, 2023-24, and 2024-25. The adjudication concludes these proceedings with nil liability for the company. Similar proceedings for FY 2020-21 through 2022-23 remain pending with the concerned authorities.

Value

₹2.97 Cr

Bihar Sponge Iron Legal & Regulatory

Bihar Sponge Iron Limited received a ₹1.98 Crore demand notice under the Insolvency and Bankruptcy Code from M/s Gohil Enterprises Private Limited. The company is currently reviewing the matter and taking legal steps, clarifyng that it has not acknowledged or admitted the alleged unpaid operational debt liability.

Value

₹1.98 Cr

Subex Legal & Regulatory

Subex Limited received an Income Tax refund of ₹2.37 Crore (including ₹1.28 Crore interest) for Assessment Year 2008-09. The refund follows a rectified order issued to give effect to a High Court order. This receipt strengthens the company's cash position.

Value

₹2.37 Cr

Hindustan Copper Legal & Regulatory

Hindustan Copper Limited disclosed updates on 12 pending litigations and disputes as of May 2024. The cases involve various forums including the Supreme Court and High Courts, with aggregate financial implications and claims estimated at approximately ₹1,269.18 Crore. Key disputes include arbitration awards, tax demands, and contractual disagreements with vendors and municipal bodies.

Value

₹1,269 Cr

Embassy Developments Legal & Regulatory

Embassy Developments Limited announced that the Hon'ble NCLAT has ruled in its favor, quashing the Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT. The company is no longer subject to insolvency proceedings and remains financially sound. Business operations continue as normal without impact from the previously impugned order.

Vantage Knowledge Academy Legal & Regulatory

Vantage Knowledge Academy Ltd received an administrative warning letter from SEBI on April 30, 2026, concerning clerical errors in its Annual Report. The company stated the event has no material financial impact and corrective actions have been implemented. The warning will be reviewed by the board at their next meeting.

Meghmani Organics Legal & Regulatory

Meghmani Organics Limited announced a corrected schedule for NCLT-directed meetings of equity shareholders, secured creditors, and unsecured creditors on June 06, 2026. This correction addresses a typographical error in a previous intimation. Schedules for Kilburn Chemicals and Meghmani Crop Nutrition remain unchanged. Meetings will be held via video conferencing.

Arkade Developers Legal & Regulatory

Arkade Developers Limited received an order imposing a Rs 1.15 Crore tax demand and Rs 0.11 Crore penalty (totaling ₹1.26 Crore) from GST authorities. The demand relates to disallowed Input Tax Credit for FY 2019-20 to FY 2021-22. The company states there is no material financial impact and is considering filing an appeal.

Value

₹1.26 Cr

Valor Estate Legal & Regulatory

Valor Estate Limited announced that the Bombay High Court dismissed an appeal by the Salt Department, favoring its subsidiary Miraland Developers Pvt. Ltd. The ruling concludes over four decades of litigation concerning the title of approximately 205 acres of land in Bhayandar, Thane.

Meghmani Organics Legal & Regulatory

Meghmani Organics Limited received an NCLT order directing meetings on June 06, 2026, to approve the amalgamation of Kilburn Chemicals and Meghmani Crop Nutrition. The merger aims to consolidate group entities, with meetings for shareholders and creditors conducted via video conferencing.

Salasar Techno Engineering Legal & Regulatory

Salasar Techno Engineering announced NCLT-convened meetings for shareholders and creditors on June 05, 2026. The meetings will consider the Scheme of Amalgamation with Hill View Infrabuild Limited. Remote e-voting is scheduled from June 01 to June 04, 2026, facilitating investor participation in the merger process.

Dalmia Bharat Legal & Regulatory

Dalmia Bharat Limited's subsidiary, DCBL, received a favorable order from the Additional Commissioner of CGST (Appeals), Patna, waiving a ₹0.12 Crore penalty. The penalty was originally imposed for GST matters relating to FY 2017-18. Consequently, there will be no financial impact on the company.

Value

₹0.12 Cr

JK Lakshmi Cement Legal & Regulatory

JK Lakshmi Cement Limited received a GST demand order totalling ₹3.92 Crore (including tax, interest, and penalty) for FY 2023-24 due to disallowed Input Tax Credit. The Company plans to appeal the order before the Appellate Authority. Management states there is no material impact on the company's financial or operational activities.

Value

₹3.91 Cr

Star Paper Mills Legal & Regulatory

Star Paper Mills Ltd received an ex-parte assessment order under UPVAT for FY 2015-16, demanding additional tax of ₹1.15 Crore. The company intends to file a review application to contest the order. Management states there is no material impact on finance or operations due to this demand.

Value

₹1.15 Cr

Star Paper Mills Legal & Regulatory

Star Paper Mills received a Rs. 1.15 Crore UPVAT assessment order for FY 2015-16. The company plans to file a review application to contest the demand. Management stated there is no material impact on finance or operations due to this order.

Value

₹1.15 Cr

PB Fintech Legal & Regulatory

PB Fintech's subsidiary, Paisabazaar, received a tax order confirming disallowances of ₹145.91 Crore for FY 2021-22 and FY 2022-23. The company plans to appeal the order. Additionally, the CIT(A) directed the Assessing Officer to verify and allow certain brought-forward loss set-offs, mitigating the immediate financial impact.

Value

₹145.9 Cr

Delta Corp Legal & Regulatory

Delta Corp Limited announced that the Supreme Court of India stayed further proceedings regarding alleged short payment of tax notices. The stay remains effective until the final disposal of SLP(C) Nos. 19366-19369/2023. This legal update provides significant temporary relief regarding the company's tax-related litigation.

Orosil Smiths India Legal & Regulatory

Orosil Smiths India Ltd is initiating legal proceedings against Shiprocket Limited before the District Consumer Disputes Redressal Commission in Delhi. The dispute involves claims for lost shipments, refund of shipping charges, and compensation for business loss. This action aims to recover dues and address operational grievances.

Hindustan Zinc Legal & Regulatory

Hindustan Zinc Limited received an administrative warning letter from SEBI regarding procedural non-compliance with LODR Regulations and Ind AS-24 for FY 2021-22 and FY 2024-25. The company was advised to exercise caution in future Audit Committee approvals and disclosures. No financial impact is anticipated from this regulatory communication.

Bharti Airtel Legal & Regulatory

Bharti Airtel received a Rs. 0.02 Crore penalty from the DoT, Madhya Pradesh LSA, for alleged subscriber verification norm violations found during a February 2026 CAF audit. The company has opted not to contest the demand and will pay the penalty. This regulatory action has no material impact on operations.

Value

₹0.02 Cr

Sandur Manganese & Iron Ores Legal & Regulatory

The Hon’ble High Court of Karnataka dismissed Sandur Manganese & Iron Ores Limited's writ petition challenging a ₹131.25 crore demand for compensatory afforestation. While the court upheld the demand, the company confirmed its mining operations remain unaffected as it continues to hold valid leases and forest clearances.

Value

₹131.2 Cr

Amber Enterprises India Legal & Regulatory

Amber Enterprises India Limited received an NCLT order directing the revision of the appointed date for its merger with AmberPR Technoplast India Private Limited from April 2025 to April 2026. The company's Merger and Amalgamation Committee has approved this change to ensure regulatory compliance.

Orient Green Power Company Legal & Regulatory

Orient Green Power's waiver application for fines totaling ₹0.32 Crore (Rs. 3,20,960) was rejected by BSE's Internal Regulatory Oversight and Review Group. The fines relate to alleged non-compliance with SEBI Regulation 17(1A). The company has already deposited the amount under protest and maintains there is no financial impact as the payment was previously remitted.

Value

₹0.32 Cr

Bansal Wire Industries Legal & Regulatory

Bansal Wire Industries' subsidiary, Bansal Steel & Power, received a Delhi High Court order quashing income tax demands totalling ₹8.88 Crore. The court applied the 'clean slate theory' to set aside pre-Resolution Plan claims. The company confirms this ruling has no financial impact but reaffirms its strong compliance framework.

Value

₹8.88 Cr

Rana Sugars Legal & Regulatory

Rana Sugars Limited received a GST demand order totaling ₹0.53 Crore from authorities in Moradabad, UP. The demand includes duty, interest, and penalties related to FY 2019-20 violations regarding e-way bills and molasses quantity. The company considers the demand non-maintainable and is evaluating an appeal.

Value

₹0.53 Cr