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The Hon’ble Bombay High Court dismissed Delta Corp Limited's writ petition seeking a license to install electronic amusement/slot machines at the Deltin Hotel in Goa. The court order was dated April 29, 2026. The Company is currently evaluating its legal options regarding this dismissal.
New Delhi Television Limited (NDTV) received a stay from the Income Tax Department on a ₹420.36 Crore demand for Assessment Year 2008–09. The stay remains in force pending disposal of the appeal before the Commissioner of Income Tax (Appeals). This provides significant temporary relief regarding the outstanding tax litigation.
Nuvama Wealth Management's subsidiary, NWIL, received two warning letters from the National Stock Exchange on April 29, 2026. The warnings pertain to observations from inspections conducted in 2025 regarding periodical submissions. The company stated there is no impact on financials or operations.
Emergent Industrial Solutions Ltd has filed criminal proceedings against Wellspring Healthcare Private Limited and its directors following the dishonour of cheques. The litigation relates to the recovery of a ₹5.00 Crore Inter-Corporate Deposit plus interest. The case is currently at a preliminary stage before the Metropolitan Magistrate at Patiala House Courts, New Delhi.
Century Enka Ltd received three GST penalty notices totaling ₹16,97,810 from the Gujarat State Tax authorities due to address mismatches. The company received the orders on April 28, 2026, and intends to contest the demand. It does not expect any material financial impact on its operations.
MPS Limited received an Income Tax Assessment Order and Demand Notice for ₹21.78 Crore for AY 2023-24. The company believes the demand is inflated due to an incorrect tax rate and is filing for rectification and appeal. No material impact on business operations is expected.
Zuari Agro Chemicals Ltd received a demand notice for ₹296.46 Crore towards water and sewerage charge arrears from the Goa government. The company strongly disputes the demand and intends to take legal recourse to contest it. The notice requires payment within 15 days of receipt.
Steel City Securities Limited has been penalized ₹0.001 Crore by the NSE following a Capital Market segment inspection conducted in November 2025. The company clarified that the penalty has no material impact on its financials or operations.
Jindal Saw Limited imposed a ₹10,000 penalty on Mr. Om Prakash Sharma (Consultant) for violating insider trading regulations by selling 15,000 shares without pre-clearance. The Audit Committee noted the violation was inadvertent, and the penalty was deposited into the SEBI IPEF account.
Super Sales India Limited received a GST demand notice totaling ₹0.11 Crore for the 2023-2024 period. The demand relates to ineligible ITC and credit notes. The company stated there is no material impact on operations and intends to make the required payment.
Nidan Laboratories and Healthcare Limited received a SEBI Show Cause Notice alleging mis-utilization of ₹29.99 Crore from its ₹50 Crore IPO proceeds. The regulator is investigating deviations from prospectus disclosures during FY 2021-2024. The financial impact is currently undetermined as proceedings are at the notice stage.
Megastar Foods Ltd announced that the Punjab State Agricultural Marketing Board quashed a Rs 73.37 Crore demand from the Market Committee, Rupnagar. The allegations regarding unpaid Market Committee and RDF fees were found baseless. This resolution absolves the company of all financial obligations related to the notice, resulting in no adverse financial impact.
Gratex Industries Ltd received approval from BSE Limited for the full waiver of a Rs. 19,000 fine. The penalty was originally levied for a misinterpretation in filing investor complaint reports for the March 2025 quarter. The exchange accepted the company's waiver application on April 29, 2026.
W.S. Industries (India) Ltd reported a trading window transaction by Renaatus Procon Private Limited, later identified as a promoter group entity. The transaction involved shares worth ₹0.02 Crore. The company concluded it was an identification gap rather than a violation and initiated corrective actions, including potential disgorgement of notional gains.
Ponni Sugars (Erode) Ltd received a GST demand notice of ₹9.35 Crore from the GST and Central Excise department, Coimbatore. The notice alleges wrong availing of Input Tax Credit on a Co-Generation Power Plant. The company stated the demands are not legally tenable and expects no material financial impact.
Meesho Limited received a GST Order-in-Appeal upholding a tax demand of ₹14.29 Crore related to TCS collection on its reseller model. The company believes the demand is unsustainable and intends to challenge the order before the GSTAT. Management states there is no material adverse impact on financial operations.
VMS Industries Ltd received a GST order confirming a total demand and penalty of ₹19.88 Crore for FY 2024-25. The demand represents approximately 6.89% of the company's turnover/net worth. The company intends to contest the order before the appropriate appellate authority, stating there is no material impact on operations.
Fortis Healthcare provided an update on litigation filed by its promoter, Northern TK Venture, against Daiichi Sankyo in Japan. The Tokyo District Court has concluded proceedings, with a judgment scheduled for September 10, 2026. This follow-up stems from an April 28, 2026, announcement by IHH Healthcare Berhad regarding the same matter.
PBM Polytex Ltd reached an out-of-court settlement regarding a three-year labour wage dispute at its BLP Super Spinners unit. The settlement involves a total estimated liability of ₹2.30 Crore, with a net additional impact of ₹1.57 Crore over existing provisions. This amicable resolution ensures continued normal operations without further disruption.
SGL Resources Ltd paid a fine of ₹11,800 to BSE Limited for a technical delay in furnishing prior intimation for its March 3, 2026, board meeting. The company has since paid the fine and strengthened internal compliance mechanisms. This event has no material impact on operations.
Infinium Pharmachem Limited reported a non-compliance regarding its Structural Digital Database for FY2026. A 17-day delay was observed in recording UPSI entries related to changes in key managerial personnel. The company has since revised its internal SOPs to mandate same-day entry for all UPSI events.
Sundae Capital Advisors provided a legal update regarding an Open Offer for Trucap Finance Limited. The Securities Appellate Tribunal adjourned the hearing to June 12, 2026, while maintaining the existing interim order. The case involves an appeal by Marwadi Chandarana Intermediaries Brokers Private Limited.
SMS Pharmaceuticals Limited received a rectification order from the Income Tax Department for AY 2018-19. The order significantly reduces the company's tax demand from ₹7.19 Crore to ₹40.28 Lakhs. The company is reevaluating further steps and states there is no material impact on its financial or operational activities.
J.B. Chemicals & Pharmaceuticals Limited shareholders approved the Scheme of Amalgamation with Torrent Pharmaceuticals Limited during an NCLT-convened meeting. The resolution passed with a requisite majority via e-voting. The company will disclose final results separately to stock exchanges.
Sri Lotus Developers and Realty Limited received a GST Show Cause Notice involving an alleged liability of approximately ₹10.00 Crore including tax, interest, and penalty for FY 2020-21 to 2023-24. The company has paid the tax component under protest and intends to contest the allegations before the appropriate authority.
Indo Thai Securities Limited reported regulatory penalties totaling ₹0.01 Crore (Rs. 55,000 plus GST) from BSE and NSE. The fines relate to technical delays in submitting the Annual Secretarial Compliance Report and related party transaction disclosures. The company has paid the amounts and implemented measures to prevent future recurrence.
Refex Industries Limited announced that the Hon’ble Madras High Court has quashed an Income Tax demand of ₹35.67 Crore for AY 2016–17. The court set aside the assessment order on the grounds that it was passed without providing a reasonable opportunity of being heard. Consequently, the tax liability stands nullified.
Route Mobile Limited's subsidiary, Send Clean Private Limited, received EPFO orders imposing a combined penalty of ₹0.28 Crore for pre-acquisition PF defaults. The CGIT has stayed the recovery subject to a deposit of ₹1,00,000 per order. The company expects no material adverse financial impact as the defaults pertain to the erstwhile owner.
The Hon’ble Madras High Court has quashed an income tax demand of ₹35.67 Crore issued to Refex Industries Limited for AY 2016-17. The court set aside the assessment order on procedural grounds. Consequently, the tax demand stands nullified, providing significant regulatory relief to the company.
Cupid Limited received an administrative warning from SEBI on April 23, 2026, for non-compliance with Regulation 30(7) of SEBI LODR Regulations. The warning pertains to the company's failure to disclose the cancellation of a preferential issue. The company stated there is no material financial impact and remains committed to regulatory adherence.