Legal & Regulatory announcements

DIC India Legal & Regulatory

DIC India Limited received a ₹0.03 Crore GST demand order from the Superintendent of GST, Ambattur Division. The demand includes tax and penalty relating to alleged duplicate E-Way Bill generation between FY 2019-20 and FY 2021-22. The company is currently reviewing the order with consultants to determine its next course of action.

Value

₹0.03 Cr

Manali Petrochemicals Legal & Regulatory

Manali Petrochemicals Limited received an Industrial Tribunal award directing it to pay approximately ₹1.11 Crore in wages and compensation to 12 workmen. The dispute concerns FY 2020-21 and FY 2021-22. The company is seeking legal counsel for potential recourse and notes no material financial impact.

Value

₹1.11 Cr

Bharti Airtel Legal & Regulatory

Bharti Airtel received a Rs. 0.01 Crore penalty notice from the DoT, Uttar Pradesh (East) LSA, regarding subscriber verification norm violations during a January 2026 audit. The company has opted to pay the fine without contesting. The financial impact is limited to the penalty amount.

Value

₹0.01 Cr

Armour Security (India) Legal & Regulatory

Armour Security (India) Limited received a ₹2.97 Crore GST demand order, including interest and penalties, from the Additional Commissioner of CGST, Delhi. The company considers the order interpretational and contrary to settled legal positions. It intends to file an appeal and does not expect a material adverse impact on operations.

Value

₹2.97 Cr

Stanley Lifestyles Legal & Regulatory

Stanley Lifestyles' subsidiary, M/s. Stanley OEM Sofas Limited, received a final order from the Deputy Commissioner of Commercial Taxes regarding GST liabilities for FY 2022-23. The adjudication proceedings are now closed. The company stated the financial impact is not significant, ensuring operational continuity for investors.