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Sterling and Wilson Renewable Energy's US subsidiary has concluded its arbitration with Conti, LLC, USA. The company confirmed that all payments awarded by the Arbitration Tribunal have been made, effectively ending the litigation. This settlement resolves a material legal dispute for the company.
Grindwell Norton Ltd received an order from GST authorities for ₹0.05 Crore, comprising tax and equal penalty regarding excess ITC claims for FY 2019-20 to FY 2023-24. The company is evaluating an appeal and states there is no material financial or operational impact.
Gufic Biosciences received an income tax order reducing a prior demand to Rs. 11.76 Lakhs, but imposing a penalty of Rs. 23.52 Lakhs (0.24 Cr) for under-reported income. The company intends to appeal the decision before the Commissioner of Income Tax (Appeals) based on tax consultant advice.
Bayer CropScience Ltd received an order imposing a penalty of ₹0.016 Crore from the Assistant Commissioner, Muzaffarnagar. The penalty pertains to E-way bill documentation issues for FY 2025-26. The company is currently assessing the order to exercise its right to appeal.
Abril Paper Tech Ltd received a personal hearing notice for April 7, 2026, regarding a GST show cause notice from the Central GST Commissionerate, Surat. The notice alleges short payment of taxes. The company maintains the demand is not maintainable and expects no significant financial or operational impact.
Info Edge (India) Limited has filed an appeal against an Income Tax Department assessment order and a demand notice of ₹3.65 Crore for AY 2024-25. The dispute primarily concerns disallowed ESOP expenses. While the company expects no material financial impact, aggregated adverse outcomes across multiple years could exceed regulatory materiality thresholds.
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.
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.
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.
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.
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.