Kiri Industries Limited received warning letters from BSE and NSE for delayed disclosure regarding the extension of the DyStar sale long-stop date. The delay involved a USD 5.11 million (₹48.05 Crore) escrow deposit update. The company clarified it believes the extension had no material impact but will comply with exchange directions.
Quess Corp Ltd received an Income Tax order for a refund of ₹42.24 Crore, including ₹8.85 Crore in interest, for FY 2023-24. The order was issued under Section 154 of the Income-tax Act, 1961. This receipt provides a positive cash flow impact without affecting the company's core operations.
Ventive Hospitality Ltd successfully contested a Rs. 6.38 Crore income tax demand. Following a rectification application under Section 154, the Assessing Officer rectified a computation error, reducing the total demand to NIL without changing the assessed income. This resolution removes a significant contingent tax liability for the company.
NDR Auto Components Ltd received appellate orders regarding income tax demands totaling ₹3.07 Crore for AY 2021-22, 2023-24, and 2024-25. Management expects the demand to reduce to ₹0.24 Crore after appeal effect orders. The company plans to contest the remaining ₹0.24 Crore demand before the Income Tax Appellate Tribunal.
Bharat Seats Limited received appellate orders regarding income tax demands for six assessment years. The initial Rs 12.25 Crore demand is expected to reduce to Rs 2.45 Crore following the orders. The company plans to contest the remaining Rs 2.45 Crore demand before the Income Tax Appellate Tribunal.
Fine Organic Industries Ltd received an income tax assessment order for AY 2022-23 and a penalty demand of ₹0.56 Crore for AY 2016-17. The company has filed an appeal against the order and states there is no material impact on its financials or operations.
GeeCee Ventures Ltd's income tax appeal regarding a ₹13.40 Crore addition for AY 2017-18 was dismissed by the CIT(A). The company intends to appeal further before the ITAT and does not expect a material financial impact.
Butterfly Gandhimathi Appliances received an order from the Abu Dhabi Court of Appeal directing payment of AED 31,666.66 (approx. ₹0.08 Crore). The case involved a consumer injury allegedly caused by a product malfunction. The company stated there is no material impact on its financial or operational activities.
NSE imposed a ₹0.12 Crore penalty on Share India Securities Ltd for non-tagging of unique identifiers for algorithmic orders. The company stated this fine, received on April 28, 2026, will not have a material impact on its financials or operations.
Halder Venture Ltd paid a fine of ₹0.26 Crore imposed by BSE for non-compliance with Board composition regulations for the December 2025 quarter. The company has filed a waiver application and made the payment to facilitate an ongoing preferential issue of warrants. The fine has no material impact on operations.
Nectar Lifesciences Ltd announced the conclusion of income tax litigation for Assessment Year 2017-18. Following directions from the Punjab and Haryana High Court, the Deputy Commissioner of Income Tax passed an order in favor of the company on March 31, 2026. The matter stands fully concluded with no financial implications or claims.
Clean Max Enviro Energy Solutions Legal & Regulatory
Clean Max Enviro Energy Solutions Limited received an income tax demand of ₹6.78 Crore for Assessment Year 2023-24. The company intends to appeal the order and believes there is no material financial or operational impact.
Jindal Poly Investment & Finance Company Legal & Regulatory
Jindal Poly Investment and Finance Company Ltd received a Show Cause Notice from SEBI regarding certain transactions and governance disclosures. The company stated all decisions were made under commercial wisdom and plans to cooperate fully. At this stage, financial implications are unascertainable as the notice calls for an explanation before any potential penalties are initiated.
Jindal Poly Films Limited received a Show Cause Notice from SEBI regarding observations on specific transactions and governance disclosures. The company intends to cooperate fully and file a reply. Financial implications cannot be ascertained at this preliminary stage as the notice merely calls for an explanation why proceedings should not be initiated.
TeamLease Services received a Show Cause Notice from the EPFO involving a ₹184.58 Crore claim. The notice alleges contraventions in the management of the Employees’ Provident Fund Trust, including investment losses and misappropriation of reserves. The company disputes the claim and is evaluating legal action while working with the department to resolve the matter.
Tata Steel Limited received a favorable judgment from the Orissa High Court quashing demand notices totaling ₹4,313.62 Crore. The demands related to alleged mineral dispatch shortfalls at the Sukinda Chromite Block. The court ruled that certain penal provisions cannot be applied retrospectively, significantly reducing the company's potential liability.
Indian Metals & Ferro Alloys Limited received an order levying a ₹0.15 Crore compounding fee on its Key Managerial Personnel. The penalty relates to mismatches in comparative financial statements for FY 2019-20 and FY 2020-21. The company has already made the payment and states there is no material impact on operations.
Apollo Hospitals received an NCLT order regarding its proposed composite scheme of arrangement. The tribunal modified meeting dates for equity shareholders and unsecured creditors of various group companies to May 26-27, 2026. This follows the tribunal's refusal to dispense with the meeting of secured creditors.
On Door Concepts Limited received a notice from NSE imposing a ₹0.001 Crore fine for delayed prior intimation regarding fund-raising deliberations. The company clarified the non-compliance was unintentional during preliminary internal discussions. It has since established a Fund Raising Committee and may apply for a penalty waiver.
Shree Renuka Sugars Ltd received two GST penalty orders totaling ₹2.52 Crore (including tax demand) from Karnataka tax authorities. The orders relate to alleged ITC non-reversal and excess blocked credit for FY 2018-2022. The company intends to appeal, stating no material impact on operations.
Anand Rathi Share and Stock Brokers Limited reported a fraud incident involving unauthorized share transfers worth ₹12.15 Crore. The fraud involved individuals and group company employees in Pune. The company has already restored the shares to the affected client as per CDSL directions. The financial impact is limited to the stated amount with no operational disruption.
Anand Rathi Share and Stock Brokers restored shares worth ₹12.15 Crore to a Pune-based client following a previously reported ₹13 Crore unauthorized off-market transfer. The restoration follows directions from CDSL. The financial impact is limited to the restored amount, with no further material impact on operations or profitability expected.
Indian Railway Finance Corporation Legal & Regulatory
Indian Railway Finance Corporation Limited announced that BSE has approved its request for a waiver of fines levied for quarters from March 2022 to December 2025. This waiver concerns non-compliance with various SEBI LODR Regulations. The move follows a similar waiver already granted by the National Stock Exchange (NSE).
Quess Corp Ltd received an Income Tax Assessment Order for FY 2024-25, resulting in a total refund of ₹155.11 Crore. The refund consists of ₹145.65 Crore in tax and ₹9.46 Crore in interest. The company stated this has no impact on its financial or operational activities.
Entertainment Network (India) Limited has filed an appeal against a ₹113.20 Crore income tax demand for Assessment Year 2024-25. The Company believes it has strong legal grounds to contest the order and expects no major adverse impact on its financial position or operations.
Coral Laboratories Ltd received a notice from the MSEFC, Surat, regarding a ₹0.02 Crore claim by M/s Power Cool Service for alleged non-payment. The dispute relates to contractual claims during project execution. The company considers the claims untenable and intends to contest the matter legally.
Butterfly Gandhimathi Appliances Limited received an order from the Consumer Disputes Redressal Commission, Odisha, regarding a defective electric chimney. The company must refund ₹22,000 plus interest and pay ₹20,000 in compensation and costs. The management stated there is no material impact on financial or operational activities.
Indrayani Biotech Ltd has filed an appeal before the Income Tax Appellate Tribunal (ITAT) against an assessment order raising a demand of ₹13.90 Crore for AY 2023-24. The company, advised by legal counsel, expects no material adverse impact on its financial operations as the matter remains sub-judice.
Oil And Natural Gas Corporation Legal & Regulatory
ONGC received a 'Stop Production Order' from the APPCB for its Mori#5 well due to alleged environmental violations. The well, previously involved in a blowout incident, has been closed since January 2026. Management considers the financial impact insignificant relative to operations and intends to review the order for a formal response.
Chennai Meenakshi Multispeciality Hospital Legal & Regulatory
Chennai Meenakshi Multispeciality Hospital Ltd has paid a balance penalty of ₹0.00094 Crore (Rs. 9,440) to SEBI. This payment regularizes a non-compliance period of 8 days in January 2026 regarding Regulation 6(1). The company has since appointed a qualified Company Secretary and Compliance Officer to ensure ongoing regulatory compliance.
