S&S Power Switchgear Ltd paid penalties of ₹0.07 Crore (₹3,28,040 each) to BSE and NSE for non-compliance with NRC composition regulations. The company's waiver application was rejected by BSE on April 08, 2026. The company confirms it is now in full compliance with Regulation 19(1) and (2) of SEBI LODR.
Inventure Growth & Securities Ltd and its CMD appeared before the Bombay High Court regarding a share sale dispute filed by Mr. Nagji Keshavji Rita. The court permitted the company to file objections within two weeks. The matter is listed for hearing on April 24, 2026.
GE Vernova T&D India Limited provided an update on its customs duty litigation. The Supreme Court dismissed the company's Special Leave Petition but permitted an appeal before the Commissioner (Appeals) against a 2015 Order-in-Original. The company intends to file this appeal on merits to resolve the long-standing dispute.
RSWM Limited received appeal effect orders from the Income Tax Department following favorable ITAT Jodhpur rulings. The company is now entitled to total tax refunds amounting to ₹24.97 Crore (including interest) for Assessment Years 2011-12 and 2013-14. This receipt strengthens the company's cash position with no adverse impact on operations.
Zee Learn Limited announced that the Hon’ble NCLT, Mumbai, has officially dismissed the insolvency petition filed by Axis Bank Limited (Petition No. 1126 of 2023) as withdrawn. This update follows a previous intimation from March 2026, confirming the formal conclusion of the legal proceedings.
Prostarm Info Systems Limited received intimation that the Customs Department filed an appeal before the CESTAT, Mumbai, against a prior order. The original order had confirmed no liability for a disputed amount of ₹25.66 Crore. The company is currently evaluating its further course of action regarding this litigation update.
Total Transport Systems Limited has filed an appeal against a GST Order-in-Original dated December 31, 2025, issued by the Mumbai East Commissionerate. This follows their earlier disclosure on March 20, 2026. The company will continue to update the exchange on material developments regarding this tax litigation.
DIC India Limited received a tax demand order for Rs. 0.17 Crore from the Karnataka GST authorities for FY 2017-18. The demand involves alleged ITC mismatches and R&D expense recoveries. The company believes the order is unsustainable and is currently reviewing it for further legal action.
Embassy Developments Limited provided an update on its NCLAT hearing regarding a stayed NCLT insolvency order involving a ₹370 crore contingent liability. The NCLAT adjourned the matter to April 17, 2026. Separately, the company reported record FY26 pre-sales of ₹4,631 crore, reflecting strong operational performance despite temporary stock exchange surveillance measures.
Camlin Fine Sciences Limited received an income tax demand notice of ₹5.47 Crore for Assessment Year 2023-24. The demand arises from Arm’s Length Price adjustments on international and domestic transactions with associated enterprises. The company intends to file an appeal against the order and states there is no immediate impact on operations.
Educomp Solutions Limited announced that the NCLT ordered the replacement of Caretaker Resolution Professional Mr. Mahender Kumar Khandelwal with Mr. Kamal Kumar Jadwani. Mr. Jadwani will now be responsible for the company's affairs and the ongoing CIRP process. The company is awaiting the formal written order.
Kopran Limited received an NCLT order dated April 09, 2026, directing the company to hold meetings for Equity Shareholders, Secured Creditors, and Unsecured Creditors. This update relates to the ongoing Scheme of Amalgamation of Kopran Laboratories Limited with Kopran Limited.
Housing and Urban Development Corporation Legal & Regulatory
Housing & Urban Development Corporation Limited (HUDCO) was fined ₹0.05 Crore by BSE and NSE for non-compliance with Board composition regulations. The company has requested a waiver, noting that Director appointments are under the control of the Administrative Ministry. HUDCO continues to follow up with the Ministry for requisite appointments.
Aptech Ltd received a rectification order for AY 2024-25, nullifying a prior tax demand of ₹6.37 Crore. The Income Tax Department allowed a section 80M deduction of ₹20.08 Crore. Consequently, there is no outstanding tax demand, providing a positive resolution to the company's previously disclosed tax liability.
Panacea Biotec Limited received four tribunal awards regarding labor disputes dating back to 2014. The Tribunal set aside workman transfers and awarded reinstatement with back wages. The company plans to challenge these orders in the Punjab and Haryana High Court and does not foresee a material financial impact at this stage.
Quicktouch Technologies Limited has filed an appeal before the Ministry of Finance against an RBI order rejecting its Payment Aggregator application. The appeal was filed on April 10, 2026, seeking appropriate relief. This update follows the company's prior disclosure on March 12, 2026.
Symphony Limited received a VAT order for FY 2016-17. Following a successful appeal, the authority reduced the tax liability from Rs. 13.70 Crore to a nominal Rs. 12,563. The company intends to pay the amount within prescribed timelines and confirms no material impact on operations.
Apollo Hospitals Enterprise Limited received the NCLT's certified order regarding its composite scheme of arrangement involving Apollo Healthco, Keimed, and Apollo Healthtech. The Tribunal has directed the convening of shareholder and creditor meetings in May 2026. This legal milestone advances the company's strategic restructuring and business consolidation plans.
Crompton Greaves Consumer Electricals Limited reported that the XXXV Metropolitan Magistrate Court acquitted Variety Agency and its partners in a Section 138 NI Act case. The dispute involved a ₹0.65 Crore cheque, resulting in a financial loss for the company. The company stated there is no material impact on its overall financials or operations.
Central Depository Services (India) Legal & Regulatory
Central Depository Services (India) Limited announced the disposal of an arbitration claim worth ₹19.30 Crore. The claimants, Mr. Kamal R. Bulchandani and others, requested an unconditional withdrawal of the claim regarding alleged losses from Anugrah Stock & Broking. The Arbitral Tribunal allowed the withdrawal, disposing of the case effective April 06, 2026.
KEC International Ltd's subsidiary, KEC Spur Infrastructure Private Limited, received a ₹46.19 Crore tax demand from the Income Tax Department for FY 2022-23. The demand relates to ad-hoc additions and unverified creditors. The company intends to appeal the order and does not foresee any material financial impact.
S&S Power Switchgear Ltd paid a total penalty of ₹0.66 Crore (Rs.3,28,040 each) to BSE and NSE for non-compliance with NRC composition regulations. The company's waiver application was rejected on April 08, 2026, and the fine was settled on April 09, 2026. The company confirms it is now in full regulatory compliance.
Monarch Surveyors and Engineering Consultants Legal & Regulatory
Monarch Surveyors and Engineering Consultants Ltd announced that the Board noted a fine levied by BSE for delayed submission of shareholder complaint statements. The company confirmed the non-compliance was unintentional and the fine has been duly paid. Steps have been taken to strengthen internal processes to ensure future compliance.
UCAL Limited received a show cause notice from the Commercial Tax Department regarding GST discrepancies for FY 2022-23 and FY 2023-24. The company believes the notice lacks merit and will file a detailed reply. Management stated there is no material impact on financial or operational activities due to this issuance.
Bharti Airtel received penalty notices totaling ₹0.08 Crore from the DoT's Assam and Karnataka circles for alleged subscriber verification violations. The company intends to contest the Assam penalty while paying the Karnataka fine. The financial impact is limited to the penalty amounts.
Godfrey Phillips India Limited announced that plaintiffs Twenty-Four Seven Retail Stores Private Limited and Mr. Samir Kumaar Modi have unconditionally withdrawn their suit filed in the Delhi High Court. The withdrawal was recorded by the court on April 8, 2026. This resolution concludes the litigation previously disclosed in December 2024.
Carraro India Limited received a Final Assessment Order and Income Tax demand notice for ₹21.84 Crore on April 8, 2026. The company intends to appeal this order before the Commissioner of Income-tax (Appeals). There is no immediate impact on operations, and the department settled certain earlier contentions downwards.
Rane (Madras) Limited received a rectification order from the Income Tax Department for Assessment Year 2021-22. The order levies an additional interest of ₹1.63 Crore, bringing the total aggregate tax demand to ₹5.08 Crore. The company intends to contest the order before appropriate authorities.
Info Edge (India) Ltd announced that the NCLT, New Delhi, has passed the First Motion Order for the amalgamation of four wholly-owned subsidiaries into the company. The tribunal dispensed with meetings for the transferor companies' stakeholders while directing meetings for the transferee company's shareholders and creditors to proceed with the merger.
Hindustan Composites received a fine of ₹1.55 lakh from BSE for delayed Q1FY19 financial results. Additionally, BSE rejected the company's waiver application for a ₹1.62 lakh fine related to board composition non-compliance. The company is evaluating legal options while committing to pay the fine within prescribed timelines.
