Every legal & regulatory announcement on NSE and BSE that our alert engine sent, newest first. Each one has its own page with the summary, the key figures and the original filing.
Xchanging Solutions Ltd received an ITAT Bangalore order partly allowing its appeal for AY 2011-12. The tribunal directed a recomputation of the ₹452.14 Crore transfer pricing adjustment after excluding specific comparables. The company expects no material financial or operational impact from this development.
Nippon Life India Asset Management received an EPFO order to pay ₹0.37 Crore in outstanding EPF dues for international workers (2013-2017). The company will also be liable for additional interest and damages. Management stated there is no material impact on financials or operations, and they intend to settle the dues before the deadline.
Aeroflex Industries received a ₹7.19 Crore GST demand and penalty order from the Central GST Commissionerate, Raigad. The dispute concerns input tax credit on IPO-related expenses for FY22-24. The company intends to appeal and expects no material financial impact.
Manappuram Finance Ltd reported a technical violation of SEBI Insider Trading Regulations involving an inadvertent trade by an Independent Director's PMS provider. The company imposed a ₹20,000 penalty, which has been remitted to the SEBI Investor Protection and Education Fund. The transaction involved 2,111 equity shares valued at approximately ₹6.15 Lakhs.
Reganto Enterprises Ltd has been penalised Rs. 0.16 Crore (including GST) by BSE Limited. The fine was imposed for failing to submit financial results within the timeframe prescribed under SEBI LODR Regulation 33. The company noted there is no impact on its operations due to this penalty.
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.
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 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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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 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.
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 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.
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.
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.
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 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.
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.
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.
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