Dish TV India Ltd announced that JC Flowers Asset Reconstruction Private Limited has withdrawn its petition (originally filed by Yes Bank) against the company before the Hon'ble NCLT, Mumbai. The petition had sought directions to convene an Extraordinary General Meeting. The company will update stakeholders once the formal tribunal order is uploaded.
Bharat Petroleum Corporation Ltd has been directed to pay a ₹1 crore environmental compensation to the CPCB. The penalty relates to delayed installation of Vapour Recovery Systems at 41 storage locations. The National Green Tribunal upheld the CPCB directions on April 7, 2026, though the company noted all installations were completed by March 2025.
Gujarat Mineral Development Corporation Legal & Regulatory
Gujarat Mineral Development Corporation (GMDC) received an Administrative Warning from SEBI concerning suspected insider trading and factual deficiencies in a 2024 environmental clearance disclosure. The warning carries no monetary penalty and no material financial impact. The company has been advised to strengthen compliance standards to avoid future recurrences.
India Tourism Development Corporation Legal & Regulatory
India Tourism Development Corporation (ITDC) addressed a non-compliance fine from NSE regarding its board composition. The company noted that director appointments are handled by the Government of India and intends to seek a waiver once compliance is achieved. Investors should note this regulatory friction involves administrative delays in government appointments.
India Tourism Development Corporation Legal & Regulatory
India Tourism Development Corporation Ltd (ITDC) reported a board meeting held to discuss fines imposed by BSE for non-compliance with board composition norms. The company attributed the delay in appointing Independent and Women Directors to the Government of India and intends to seek a waiver of penalties once compliance is achieved.
Aeroflex Enterprises' subsidiary, Aeroflex Industries Limited, received a GST demand and penalty order totaling ₹7.19 Crore from the Central GST Commissionerate, Raigad. The dispute relates to ITC on IPO-related expenses for FY22-24. The company intends to appeal and expects no material financial impact.
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 Legal & Regulatory
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.