Company Disclosures › Sub-category
Company-specific Legal Dispute
235 articles
Mangalam Global Enterprise Discloses SEBI Settlement Order
Mangalam Global Enterprise disclosed a SEBI settlement order dated March 30, 2026, concluding proceedings initiated by a show cause notice.
The settlement, under SEBI's settlement mechanism, resolves
Arrow Greentech Confirms Compliance, No Pending Price-Sensitive Info
Arrow Greentech Limited confirms to BSE full compliance with SEBI LODR and states no undisclosed price-sensitive information is pending.
The company's response, dated 4th April 2026, is in reference t
Business Standard: Market Updates and Corporate Notices
Adani Ports targets 1 billion tonnes of cargo handling by 2030, doubling its current capacity of 500 million tonnes.
Insurance stocks decline due to muted Q4 outlook and potential regulatory changes,
Compucom Software Receives EPF Order for Rs. 64.41 Lakhs
Compucom Software received an order from the EPFO for outstanding PF dues of Rs. 64.41 lakhs for the period August 2008 to October 2012.
The order, dated 23 March 2026, determines dues of Rs. 64,41,09
Suruchi Foods GST Assessment Dispute at Supreme Court
The Supreme Court declined to interfere with the High Court order that upheld a GST assessment order against Suruchi Foods.
The petitioner was granted one week to file an appeal before the appellate a
Welspun Enterprises Unit Gets Tax Demand, to Appeal
Welspun Enterprises' subsidiary received a tax demand of ₹33.34 crore for FY 2023-24, which the company is contesting.
The company has received a tax demand notice from the Income Tax Department for i
Uno Minda Receives Tax Demand of ₹50.88 Lakhs
Uno Minda Limited received a tax demand of ₹50.88 lakhs from the Deputy Commissioner of State Tax, Haryana, for the tax period 2019-20.
The company intends to contest the order and does not anticipate
Sterling and Wilson's Unit Concludes Arbitration with Full Payment
Sterling and Wilson's step-down subsidiary has made full payment as per the arbitration award, concluding the dispute with Conti, LLC, USA.
The company filed this update as per SEBI LODR regulations,
Elitecon International's Company Secretary Resigns
Elitecon International's Company Secretary & Compliance Officer, Ms. Rajlaxmi Saini, has resigned effective April 2, 2026.
The resignation was disclosed in a regulatory filing to the BSE and Calcutta
Covidh Technologies Approves Name Change, Appoints Directors
Covidh Technologies shareholders approved a special resolution to change the company name to iSERA Lifesciences Limited.
Four new directors were appointed via ordinary resolutions, including two execu
Bharti Airtel Receives Rs. 1.09 Lakh DoT Penalty Notice
Bharti Airtel received a penalty notice of Rs. 1,09,000 from the Department of Telecommunications for alleged subscriber verification lapses.
The penalty, received on April 2, 2026, relates to a Custo
Neeraj Paper Marketing Sells Delhi Property for Rs. 60 Lakhs
Neeraj Paper Marketing Ltd. has agreed to sell an immovable property in Delhi for Rs. 60 lakhs, as disclosed in a regulatory filing under SEBI LODR Regulation 30.
The property, which generated an annu
Manali Petrochemicals Directed to Pay Rs 1.11 Crore in Wage Dispute
Manali Petrochemicals received an Industrial Tribunal award directing payment of ~₹1.11 crore to 12 workmen.
The wage dispute pertains to FY 2020-21 and 2021-22, stemming from employment actions in FY
Eraaya Lifespaces Independent Director Resigns Amid Fraud Allegations
Independent Director Vivek Dave resigns from Eraaya Lifespaces, citing fraud allegations against promoter Vikas Garg, governance failures, and a suppressed shareholder notice.
A shareholder notice all
Supreme Court Modifies High Court Order in Contract Dispute
The Supreme Court disposed of a special leave petition concerning a contract dispute between a municipality and a contractor, modifying a High Court order.
The parties reached a settlement where the c
Swastika Investmart Resolves Tax Demand, Rs. 50.5L Appeal Pending
Swastika Investmart Ltd. received an ITAT order for FY 2014-15, reducing a tax demand under Section 143(3) to nil.
A separate tax demand of Rs. 50.5 lakhs under Section 156 for the same year remains u
MTNL Fails to Fund Bond Series V Interest Escrow
MTNL could not fund the escrow account for its 11th semi-annual interest payment due on April 12, 2026, citing insufficient funds.
The payment pertains to 7.05% MTNL Bond Series V (INE153A08089), gove
Supreme Court Admits Aziz Wallpaper's Special Leave Petition
The Supreme Court admitted a special leave petition filed by Aziz Wallpaper against the National Insurance Company.
The Court issued notice to the respondents, returnable within six weeks, without gra
Kokuyo Camlin Tax Rectification Order Rs.3.05 Crore
Kokuyo Camlin received a rectification order dated March 30, 2026 from Deputy Commissioner of Income Tax, Mumbai, modifying the reassessment for AY 2018–19.
The rectified order results in an increment
Supreme Court Issues Notice in Yashodhara Society vs. Tribal Dept
The Supreme Court issued notice in a case between a women's cooperative society and the tribal development department.
The court granted one week for the respondents to file a counter affidavit in the
GPT Infraprojects Wins Rs 3.89 Cr Arbitration Award
GPT Infraprojects disclosed an arbitration award in favour of its JV, GPT-SMC, against Kolkata Municipal Corporation.
Sole Arbitrator Justice (Retd.) Shahidullah Munshi awarded Rs. 3.89 Crores to GPT-
RSWM Receives Arbitration Award on Power, CCD Disputes
RSWM Limited received an arbitration award on April 1, 2026 covering two disputes with LNJ Power Ventures Limited.
Tribunal awarded ₹17.68 crore plus 15% interest on withheld electricity charges; liab
Supreme Court Hears Tax Dispute Involving Dalmia Cement
The Supreme Court of India heard multiple Special Leave Petitions (SLPs) related to a tax dispute between the Income Tax Department and Dalmia Cement (Bharat) Ltd.
The court granted time extensions fo
Manali Petrochemicals Madras HC Writ Petitions Disposed
Manali Petrochemicals filed Writ Petitions challenging Industrial Tribunal awards on wage revision and workmen service conditions.
Madras High Court disposed of W.P. Nos. 5850, 5851 of 2016 and 2731 o
Garware Marine Receives Police Notice Over Lease Dispute
Garware Marine received a police notice from Economic Offences Wing-II, Chennai over alleged non-repayment of equipment lease rentals of Rs. 3,54,83,661.50.
The dispute involves ongoing litigation wit
Tirupati Sarjan Receives Four IT Demand Notices
Tirupati Sarjan Limited received four income tax demand notices under Section 156 aggregating approximately Rs. 18.13 crore.
Notices issued by Asst. Commissioner of Income Tax, Gandhinagar Circle, cov
UBL Receives ₹22.5 Cr Maharashtra VAT Demand
United Breweries received a Maharashtra VAT order dated March 30, 2026 totalling ₹22.50 crore for FY 2021-22.
The demand covers additional tax of ₹9.66 crore, interest of ₹10.43 crore, and penalty of
Manali Petrochemicals Wins CESTAT Customs Duty Appeal
Manali Petrochemicals received a favourable CESTAT order dated 23rd March 2026, setting aside a customs duty demand of ₹3.83 crore plus interest.
The demand arose from alleged misclassification of imp
MBECL Reports Nil Debt After NCLT Resolution
McNally Bharat Engineering filed a SEBI-mandated default disclosure showing nil outstanding loans and debt as on 31.03.2026.
All loans were fully settled under an approved Resolution Plan per NCLT Ord
VIP Industries GST Penalty ₹41 Lakh Imposed
VIP Industries received a GST penalty order of ₹41,03,005 (CGST+SGST) on March 31, 2026.
Penalty imposed under Section 122 of CGST Act, 2017 for alleged irregular Input Tax Credit (ITC) passing.
Compa
Shriram Finance Tax Penalty Drastically Reduced
Shriram Finance received Rectification Orders dated March 30, 2026 from the Commercial Tax Officer, Chennai South, Tamil Nadu, slashing prior penalties.
FY 2018-19 tax demand reduced from Rs.13.03 cro
HCC Assigns ₹1,979 Cr Arbitration Awards to WOS
HCC executed a Deed of Assignment on March 31, 2026, transferring economic interest in arbitration awards worth ₹1,979.09 Crore to its WOS.
The net value of assets transferred is ~Nil, as the awards c
Glenmark Pharma GST Demand Order ₹32 Crore
Glenmark Pharmaceuticals received a GST adjudication order for FY 2019-20 and 2020-21 from Mumbai East Commissionerate.
Order demands ₹16.05 crore GST (CGST/SGST), equivalent penalty of ₹16.05 crore,
Orient Cement Receives ₹52 Cr Income Tax Order
Orient Cement received an income tax order under Section 143(3) r.w.s. 144C(3) for AY 2022-23 on March 31, 2026.
Income Tax Authority raised a demand of ₹52.40 crore, primarily due to a Transfer Prici
Shri Gang Industries Receives Tax Demand ₹28.16 Cr
Shri Gang Industries received tax demand orders totalling ~₹28.16 crore for FY 2022-23 from Deputy Commissioner, State Tax, Sikandrabad, UP.
Demands raised under Section 9(2) of Central Sales Tax Act
Manali Petrochemicals Wins CESTAT Customs Duty Appeal
Manali Petrochemicals received a favourable CESTAT final order dated 23rd March 2026, fully setting aside a customs duty demand.
The ₹3.83 crore customs duty demand (plus interest) on Quicklime import
Gaudium IVF Faces ₹29.2 Cr Arbitration Claim
Gaudium IVF and Women Health Limited discloses arbitration filed by Neomile Corporate Advisory Limited at Bombay High Court.
Neomile seeks interim protection of ₹29,20,50,000 (inclusive of GST) for al
Yatra Online Wins CESTAT Tax Relief ₹111 Crore
CESTAT Chandigarh set aside tax and penalty demands of ~₹111.25 crore duty and ~₹39.47 crore penalty against Yatra Online Limited.
Subsidiary TSI Yatra Pvt. Ltd. also received relief with ~₹1.99 crore
ABB India Customs Penalty Order Rs. 14.56 Crore
ABB India received a customs order imposing a penalty of Rs. 3.56 crore and redemption fine of Rs. 11 crore for goods misclassification.
The order dated March 26, 2026 was issued by Commissioner of Cu
Prag Bosimi Synthetics Income Tax Demand ₹1.12 Cr
Prag Bosimi Synthetics received an Income Tax demand notice under Section 156 for AY 2022-23 on March 31, 2026.
The demand of ₹1,12,33,520 arises from calculation differences between IT Department ass
SEBI Ex-Parte Order: Elitecon Securities Fraud
SEBI passed ex-parte interim order on March 30, 2026 against Elitecon International and 5 connected individuals for securities fraud.
Company concealed GST Show Cause Notices totalling ₹408.65 crore;
RBL Bank Clarifies ₹137 Cr China Diversion Allegation
RBL Bank responded to BSE seeking clarification on a news report alleging ₹137 crore diverted to China via mule accounts.
Bank confirms awareness of FIR Nos. 68/2026 to 78/2026 at PS Karimnagar-III To
Ashiana Housing GST Demand Rectified ₹2.69L Dropped
Ashiana Housing received a GST rectification order from GST Department, Jaipur under Section 74 of CGST Act 2017.
Original demand of ₹4,18,776 was raised; ₹1,49,311 already paid and ₹2,69,465 has been
Ashiana Housing GST Demand ₹4.96 Lakh
GST Department, Jaipur raised a demand of ₹4,95,696 (including interest and penalty) under Section 74 of CGST Act 2017.
Demand relates to alleged wrong availment of Input Tax Credit on units sold afte
K.S. Oils Wins Delhi High Court Trademark Injunction Appeal
K.S. Oils Limited discloses that the Delhi High Court set aside a Rohini District Court ex-parte injunction against the company's use of the 'Kalash' trademark.
The order dated March 30, 2026 also dir
SITI Networks CIRP Loan Default Quarterly Disclosure
SITI Networks discloses full loan default of ₹1,206.03 crore as on March 31, 2026, per SEBI circular on default disclosures.
Company is under CIRP initiated by NCLT Mumbai on February 22, 2023; Board
Finolex Cables Receives ₹29.46 Cr GST Demand
Finolex Cables received a GST demand order of ₹29.46 crore from Additional Commissioner, Central GST, Dehradun dated 30.03.2026.
Alleged violations include ITC mismatch, E-way bill discrepancies, and
RBL Bank Clarifies ₹137 Cr Mule Account Fraud
RBL Bank responded to NSE's query on news alleging ₹137 cr diverted to China via mule accounts at its Karimnagar branch, Telangana.
Bank confirmed awareness of FIR Nos. 68/2026 to 78/2026; two branch
Deepak Nitrite Subsidiary Faces GST Demand Order
Commissioner (Appeal), CGST & Central Excise, Vadodara rejected appeal of Deepak Phenolics Ltd (DPL), Deepak Nitrite's wholly owned subsidiary.
Order demands recovery of ineligible ITC of ₹2.15 crore
Deepak Nitrite Subsidiary Faces GST Demand Order
Commissioner (Appeal), CGST & Central Excise, Vadodara rejected DPL's appeal, upholding GST demand order dated 6th March 2026.
Order demands recovery of ineligible Input Tax Credit of ₹2,15,34,798 (CG
Fortis Hospitals ₹149 Crore Income Tax Demand
Fortis Hospitals Limited, a wholly owned subsidiary of Fortis Healthcare, received an income tax demand of ₹149.12 crore for AY 2021-22.
The assessment order dated March 27, 2026 was issued by the Inc
Cummins India Receives Tax Rectification Orders ₹45.82 Cr
Cummins India received two income tax rectification orders under Section 155(18) totalling ₹45.82 Crores for FY2018-19 and FY2016-17.
Demands of ₹32.98 Cr (FY2018-19) and ₹12.84 Cr (FY2016-17) arose f
Infosys Expects ₹1,745 Crore Tax Refund
Infosys received income tax assessment orders under Sections 250 and 254 for six assessment years (2013-14 to 2021-22).
The orders cumulatively entitle Infosys to a refund of ₹1,745 crore, including i
Tega Industries Subsidiary Receives ₹121 Cr Tax Demand
Tega McNally Minerals Limited (TMML), a wholly owned material subsidiary of Tega Industries, received an income tax Assessment Order from ACIT, Kolkata.
The tax demand under Section 143(3) read with S
GNG Electronics Receives GST Demand ₹3.4 Cr
GNG Electronics received an Order-in-Original from CGST & CeX Mumbai East imposing GST demand and penalty.
Total GST demand is ₹34,097,749 and penalty is ₹34,235,213, plus applicable interest, coverin
UPL Limited EGM: 11 RPT Resolutions Passed
UPL Limited held an EGM on March 31, 2026 via VC/OAVM to seek shareholder approval for 11 material related party transactions.
All 11 ordinary resolutions were passed with overwhelming majority (~99.9
Yash Highvoltage Reports Rs. 2.10 Cr Cyber Fraud
Yash Highvoltage Ltd. disclosed a transborder cyber fraud via email impersonation of a China-based raw material supplier under Regulation 30 of SEBI (LODR) Regulations, 2015.
Total estimated financial
UltraTech Cement Receives GST Demand ₹53.81 Cr
UltraTech Cement received a GST Order-in-Original from Additional Commissioner, Central GST, Dehradun confirming a tax demand of ₹53.81 crore.
The order also levies an equal penalty of ₹53.81 crore pl
Rasi Electrodes Postal Ballot Two Resolutions Passed
Rasi Electrodes Limited declared results of postal ballot e-voting conducted via CDSL (EVSN 260219003) on March 31, 2026.
Both resolutions — Secretarial Auditor appointment and Related Party Contract
InfoBeans Denies Subsidiary Sale, Misleading News
InfoBeans Technologies denies news of selling 2 subsidiaries, calling the report factually incorrect and misleading.
Company also refutes 'trading halt' claim, clarifying it follows SEBI insider tradi
Harish Textile Engineers Receives Income Tax Notice
Harish Textile Engineers received a Section 148A(1) Income Tax notice for Assessment Year 2021-22 on 30th March 2026.
The notice stems from DGGI, Surat Zonal Unit observations on GST compliance irregu
NCLAT Upholds NCLT Order in Morpheus Bluebell Insolvency
The National Company Law Appellate Tribunal (NCLAT) dismissed an appeal by SGN Universal Construction, upholding the NCLT's order to admit Morpheus Prodevelopers into insolvency, including Tower 5 in
Manali Petrochemicals Madras HC Writ Petitions Disposed
Manali Petrochemicals filed Writ Petitions (W.P. Nos. 5850, 5851 of 2016 and 2731 of 2023) before Madras High Court challenging Industrial Tribunal awards.
Madras High Court passed a common order date
ICICI Prudential Life GST Appeal Partially Allowed
ICICI Prudential Life received a partial appellate order on March 30, 2026 from Joint Commissioner of State Tax, Appeals, Maharashtra on a FY2019 GST dispute.
Total tax demand upheld (partially) stand
ABLBL Faces ₹310 Cr GST Demand Order
Aditya Birla Lifestyle Brands Limited discloses a GST demand order of ₹310.13 crore issued by Bangalore-East Commissionerate dated March 30, 2026.
The order covers tax of ₹59.07 crore, interest of ₹23
Rathi Steel GST Demand ₹3.06 Cr Order
Rathi Steel received a GST demand of ₹3.06 crore under Section 74 of CGST/SGST Act 2017 from Ghaziabad authorities.
Penalty of an equal amount (₹3.06 crore) plus applicable interest has also been impo
Diligent Media GST Demand Order Rs. 3.99 Crore
Diligent Media Corporation received a GST demand order of ~Rs. 3.99 crore for FY 2019-20 from Mumbai tax authority.
Demand relates to alleged non-levy of GST on transfer/assignment of leasehold rights
H.M. Electro Mech EGM Voting Results Filed
H.M. Electro Mech Limited submits EGM voting results to BSE under Regulation 44 of SEBI LODR Regulations, 2015, for meeting held on 30 March 2026.
Two resolutions passed unanimously: Special Resolutio
Kalamandir Promoter Tax Demand of ₹58.33 Cr Set Aside
CIT appellate orders dated March 30, 2026 set aside ₹58.33 crore income tax demand against promoter Nagakanaka Durga Prasad Chalavadi.
Only ₹85.79 lakh disallowed on documentation grounds, resulting i
Camlin Fine Sciences GST Demand Order ₹96.66L
Camlin Fine Sciences received a GST order demanding ₹96,65,820 in IGST tax and equal penalty from Palghar Commissionerate.
The demand relates to non-payment of Reverse Charge Mechanism (RCM) tax on fo
GlaxoSmithKline Pharma ₹2.01 Cr TDS Demand Order
GlaxoSmithKline Pharmaceuticals received a Final Order from TDS Authority INT Tax Circle 2(3)(2) with ₹2.01 Crore demand liability.
The demand covers TDS default u/s 201 for AY 2020-21, comprising ₹1.
Tilaknagar Industries CIT(A) Order AY 2016-25
CIT(A) passed order under Section 250 of Income Tax Act, 1961 covering assessment years AY 2016-17 to AY 2024-25.
CIT(A) granted partial relief of ~₹169 crores by reducing additions made by the Assess
Emergent Industrial Solutions Postal Ballot RPT Approvals
Emergent Industrial Solutions Limited filed voting results for 3 material related party transaction resolutions passed via postal ballot on March 29, 2026.
All three ordinary resolutions — with Indo R
Carraro India Postal Ballot RPT Approval
Carraro India Limited's postal ballot for approval of Material Related Party Transaction passed with 99.96% votes in favour.
E-voting ran from February 28 to March 29, 2026; total votes polled were 8,
Mahindra Lifespaces Litigation Dismissed in Company's Favour
• Mahindra Lifespace Developers Ltd discloses dismissal of litigation against subsidiary MWCJL by Court of Additional District Judge, Jaipur, on 30 March 2026.
• The disclosure is filed under Regulati
Vishal Mega Mart Subsidiary Receives Income Tax Order
Airplaza Retail Holdings Pvt Ltd, a subsidiary of Vishal Mega Mart, received an income tax order under Sections 201 & 201(1A) for FY2019-20.
The order alleges non-deduction of TDS and non-payment of i
TMB Faces ₹17.75 Cr Income Tax Demand
Tamilnad Mercantile Bank received an income tax demand of ₹17.75 crore for Assessment Year 2016-17.
The demand arises from disallowance of a claim under Section 36(1)(viia) of the Income Tax Act, 1961
Kaveri Seed Wins ₹73.25 Cr Tax Appeal
Kaveri Seed Company's appeal against an Income Tax demand of ₹73.25 crore for AY 2020–21 was decided in its favour.
The Commissioner of Income Tax (Appeals)-11, Hyderabad allowed the company's claim,
Reliance Industries GST Penalty Order ₹15.38L
Reliance Industries received a GST penalty order of ₹15,38,402 from Assistant Commissioner of State Tax, Junagadh, dated March 30, 2026.
The penalty was levied under Section 74 of CGST/IGST/Gujarat GS
Comfort Intech ED Provisional Attachment ₹13.08 Cr
Comfort Intech Limited received a Provisional Attachment Order from ED Hyderabad dated March 25, 2026 under PMLA, 2002.
Assets of CIL and its subsidiary Liquors India Limited worth approximately ₹13,0
Baazar Style Retail ₹1.3L Legal Metrology Settlement
Baazar Style Retail received an order from Office of Senior Inspector of Legal Metrology, Prayagraj, dated March 30, 2026.
Company paid ₹1,30,000 as settlement fee under the Legal Metrology Act, 2009
Avro India EGM Approves RPT Guarantee Ratification
Avro India Limited held an EGM on March 30, 2026 via VC/OAVM to ratify a material related party transaction.
The sole resolution sought ratification of personal guarantees given to IDFC First Bank for
MRPL Receives GST Order ₹23.76 Cr Demand
MRPL received a GST Order-in-Original demanding ₹10.97 crore (basic) plus ₹12.79 crore penalty for ITC issues FY2019-24.
The order was issued by the Commissioner of Central Excise & Central Tax, Manga
MT Educare Discloses ₹32.33 Cr Loan Default
MT Educare Ltd (In CIRP) discloses default on principal and interest to Prudence ARC and Axis Bank under SEBI LODR Regulation 30.
Total outstanding borrowings stand at ₹32.33 crore; defaults on princi
Bhageria Industries GST Demand Order ₹1.05 Cr
Bhageria Industries received a GST demand order of ₹1,05,22,565 in IGST for ineligible Input Tax Credit for FY2019-20.
The demand, confirmed under Section 74(9) of CGST Act 2017, also includes equal p
Automobile Products of India: Rs 14 Crore Tax Order
Principal Commissioner of Income Tax, Mumbai-6 rejected Automobile Products of India's revision petition u/s 264 on March 30, 2026.
Tax demand including interest stands at Rs 10.41 crore and penalty u
Thermax Receives GST Penalty Order ₹3.14 Cr
Thermax Limited received an Assessment Order from Joint Commissioner CGST, Pune on March 30, 2026.
The order levies a penalty of ₹3.14 crore for incorrect HSN classification and lower GST rate applica
CEAT Ltd GST Demand Order ₹4.7 Cr
CEAT Ltd received a GST demand order of ₹4.7 Cr plus equal penalty for FY2019-20 from Tamil Nadu tax authorities.
The order alleges ineligible availment and utilisation of input tax credit, with appli
Mphasis Receives ₹151.73 Cr Income Tax Demand
Mphasis received an income tax demand of ₹151.73 crores for assessment year 2020-21 under sections 201, 201(1A), and 156 of the Income Tax Act.
The demand relates to TDS on overseas payments made to f
Novartis India Delhi HC Admits DVAT Petition
Delhi High Court admitted Novartis India's writ petition on March 27, 2026, challenging a DVAT assessment for AY 2013–14.
The disputed demand totals approximately ₹10.89 crore in tax and interest plus
Bank of Baroda Receives ₹806 Crore IT Demand
Bank of Baroda received a ₹806.18 crore income tax demand notice from the Faceless Assessment Unit for AY 2020-21.
The demand relates to taxability of income from foreign branches, broken period inter
Velan Hotels Settles Arbitration Dispute for ₹20 Lakh
Velan Hotels settled an arbitration dispute with Mohan Clothing Company Pvt Ltd for ₹20 lakh out of court.
Original arbitration award totalled ₹33.61 lakh plus 9% interest; settlement achieved a meani
Supreme Court Adjourns Anand Divine Developers Case
The Supreme Court of India adjourned a hearing in the case of M/s Anand Divine Developers vs. Gurpreet Singh Bakshi due to the petitioner's counsel's absence.
The case has been adjourned to 10 April 2
SEBI Bars AFCO Capital from New Merchant Banking Business for One Month
SEBI has prohibited AFCO Capital India from taking new merchant banking clients for one month for multiple regulatory violations.
The order cites failures in due diligence, outsourcing of core functio
NCLAT Dismisses MMTC Appeal Against NSEL Settlement Scheme
NCLAT dismisses MMTC's appeal, upholding NCLT-approved Rs. 31,950 crore settlement scheme for NSEL's 2013 default.
The scheme, backed by over 90% of creditors, was challenged on grounds of public inte
Innovision Ltd Receives GST Demand ₹20.98 Cr
Innovision Limited received a GST demand-cum-penalty order of ₹20,98,11,480 from the Additional Commissioner, CBIC, Dehradun.
The order under Section 74 of CGST/UKGST Act covers FY 2019–20 and FY 2023
Sir Shadilal Enterprises Rs. 1.74 Cr IT Penalty
Sir Shadilal Enterprises received an Income Tax penalty order u/s 271(1)(c) for AY 2015-16 on March 30, 2026.
Penalty of Rs. 1,73,82,167 (~Rs. 1.74 crores) imposed at 100% of tax sought to be evaded o
CHIL Gets Bombay HC Stay on GST Demand
Care Health Insurance Ltd (CHIL), subsidiary of Religare Enterprises, received a Bombay High Court stay on a GST demand order.
The GST demand of ₹17.68 crore plus equal penalty relates to SEZ matters
Innovision Limited GST Demand Order ₹20.98 Crore
Innovision Limited received a GST demand order of Rs 20,98,11,480 from Additional Commissioner, CBIC, Dehradun, dated March 20, 2026.
The demand covers tax and penalty under Section 74 of CGST and UKG
Endurance Technologies GST Demand Order Quashed
Uttarakhand High Court quashed a GST demand order of Rs. 12.39 crore tax and Rs. 1.13 crore penalty for FY 2021-22.
The order was remanded back to the Deputy Commissioner, Rudrapur-I for reassessment
Bhilwara Technical Textiles RPT Postal Ballot Passed
Bhilwara Technical Textiles Limited (Scrip Code: 533108) passed an ordinary resolution via postal ballot approving related party transactions with Maral Overseas Limited.
Remote e-voting concluded on
Avro India EGM: Related Party Transaction Ratification
Avro India Limited held an EGM on March 30, 2026 via VC/OAVM to transact one ordinary resolution.
The sole resolution sought ratification of personal guarantees totalling ₹21.08 Crore given to IDFC Fi
Tijaria Polypipes Directors Appeal IPO Conviction
Six directors of Tijaria Polypipes were convicted by ACJM Jaipur on 17.03.2026 for IPO prospectus misstatements under Companies Act 1956 Sections 63, 68, and 628.
Maximum sentence imposed is 3 years 6
Tijaria Polypipes OTS Writ Petition Dismissed
Tijaria Polypipes filed a Reg. 30 disclosure enclosing a Rajasthan High Court order dated 27/03/2026 dismissing its OTS writ petition against Bank of India.
The court dismissed S.B. Civil Writ Petitio
Oriental Aromatics Gets IT Dept Show Cause Notice
Oriental Aromatics Ltd received a Show Cause Notice under Section 148A of the Income Tax Act, 1961 from ACIT, Vadodara, dated 28th March, 2026.
Income allegedly escaping assessment totals ₹136.77 cror
Tijaria Polypipes OTS Proposal to Bank of India
Tijaria Polypipes filed a Reg. 30 disclosure enclosing a Rs. 53.67 Crore OTS proposal submitted to Bank of India, Jaipur.
The company has already deposited Rs. 12 Crore under no-lien account and submi
IndusInd Bank Clarifies SFIO Summons News Item
IndusInd Bank responds to NSE/BSE query on news about SFIO summoning former executives in an accounting probe.
Bank clarifies it has not received any SFIO communication regarding summoning of employee
Ambika Cotton Mills IT Demand ₹45.24L AY2024-25
Ambika Cotton Mills received an IT assessment order u/s 143(3) dated 29.03.2026 for AY 2024-25 raising a demand of ₹45,24,490.
Demand stems from disallowance of ₹1,75,93,707 construed as royalty/techn
CRISIL Receives TDS Demand of ₹27.24 Crore
CRISIL Ltd received a TDS proceedings order u/s 201(1) and 201(1A) r.w.s. 195 for AY 2020-21 on March 29, 2026.
The demand of ₹27.24 crore (including interest) relates to TDS on foreign payments for F
ZF Steering Gear Tax Appeal Disallowed, No Financial Impact
CIT(A)-28, Delhi disallowed ZF Steering Gear's 80-IA/80-IB deduction claims for AY 1995–96 to AY 2004–05 vide orders dated 27.03.2026.
No additional financial impact arises as the company had already
IIFL Finance Special Audit Concluded by Income Tax
IIFL Finance discloses conclusion of Special Audit directed by the Income Tax Department under Section 142(2A) of the Income Tax Act, 1961.
The Special Audit report has been submitted to the Income Ta
MCXCCL Receives ₹9.97 Cr Income Tax Demand
MCX's wholly owned subsidiary MCXCCL received a ₹9,97,13,980 income tax demand notice dated March 28, 2026 for AY 2024-25.
The demand arises from disallowance of MCXCCL's contribution to its Core Sett
MedPlus Subsidiary Drug License Suspended 3 Days
Optival Health Solutions, a MedPlus subsidiary, received a 3-day drug license suspension for its Parkal Main Road, Telangana store.
The suspension order was issued by the Assistant Director, Drugs Con
ACME Solar Receives GST Demand Notice ₹149.73 Cr
ACME Solar Holdings received a GST Show-Cause cum Demand Notice from DGGI, Jaipur Zonal Unit, dated March 23, 2026.
The SCN alleges short payment of GST of approximately ₹149.73 crores for the period
Precision Electronics GST Order ₹23.22L Demand
Precision Electronics received a GST Order-in-Original under Section 74 of CGST Act, 2017, covering the period April 2019 to March 2021.
Total tax demand stands at ₹23,22,019 with an equal 100% penalt
Escorts Kubota GST Demand ₹10 Lakh Order
State Tax Officer, GST Bhopal Division-1 confirmed a tax demand of ₹10,02,652 against Escorts Kubota Limited on March 28, 2026.
Penalty of ₹10,02,652 plus applicable interest imposed due to duplicate
SDBL License Suspension Update, HC Relief
Som Distilleries updates exchanges on ongoing licence suspension first disclosed via press release on 5th February 2026.
MP High Court Single Bench rejected SDBL's licence validation petition on 23rd
Rane Madras ₹3.12 Cr Tax Demand, AY2023-24
Rane (Madras) Limited received an income tax assessment order dated March 27, 2026 levying a tax demand of ₹3.12 crores for AY 2023-24.
Authority disallowed ₹10.37 crores trademark fee paid to Rane Ho
MedPlus Subsidiary Drug License Suspended, Karnataka
Optival Health Solutions Pvt Ltd, MedPlus subsidiary, received a 3-day drug license suspension for its Dharwad, Karnataka store.
The suspension was ordered by Assistant Director, Drugs Control Adminis
Nuvoco Vistas CGST Tax Demand ₹104.76 Crore
Nuvoco Vistas received a CGST order on March 27, 2026 covering FY2019-20 to September 2024 of FY2024-25.
The order raises a revised tax demand of ₹34.92 crore and penalty of ₹69.84 crore, totalling ₹1
Kanchi Karpooram GST Demand Order ₹47L
Kanchi Karpooram received a GST demand order dated 27/03/2026 from the Assistant Commissioner of GST & Central Excise, Maraimalai Nagar Division, Chennai.
Total GST demand is ₹47,43,080 and penalty is
Digilogic Systems ROC Show Cause Notice, Section 42
Digilogic Systems received Show Cause Notices from ROC Telangana on March 27, 2026 for E-Adjudication under Section 42(10) of the Companies Act, 2013.
The notices relate to procedural lapses in 3 priv
Ponni Sugars Transfer Pricing Order CIT-TP Chennai
Ponni Sugars (Erode) Ltd received a CIT-TP Chennai order dated March 27, 2026 under Section 263 of the Income Tax Act, 1961.
CIT-TP set aside TPO's earlier AY 2021-22 order on bagasse inter-unit trans
Fortis Hospitals ₹117 Cr Income Tax Demand AY2024-25
Fortis Hospitals Limited, a wholly-owned subsidiary of Fortis Healthcare, received an income tax demand of ₹117.04 crore for AY 2024-25.
The assessment order was issued by Income Tax Authority on Marc
Bharti Airtel DoT Penalty Rs. 1.74 Lakh
Bharti Airtel received a DoT penalty of Rs. 1,74,000 for alleged subscriber verification norm violations in Madhya Pradesh LSA.
The penalty follows a CAF Audit conducted by DoT for January 2026, citin
Fortis Malar ₹20.82L Tax Demand Deleted, ₹41.11L Refund
Fortis Malar Hospitals' rectification application u/s 154 of Income Tax Act successfully processed by CPC, Bengaluru for AY 2024-25.
Income tax demand of INR 20.82 lakhs raised under Section 143(1) In
Tata Steel Wins Stay on ₹385 Crore Coal Demand
Tata Steel filed Revision Applications Nos. 38, 39 & 40 of 2026 challenging ₹385.19 crore coal excess production demand notices from DMO Dhanbad.
The Revisional Authority, Ministry of Coal admitted th
Orchasp GST Audit Spot Memo ₹12.58 Cr
Orchasp Limited received a GST audit spot memo from Hyderabad Central Tax authority covering FY2020-21 to FY2023-24.
Alleged violation is non-payment of GST on import of services under Reverse Charge
Bombay Dyeing GST Demand ₹2.54 Cr FY20
Bombay Dyeing received a GST order under Section 74 for FY2019-20 on infrastructure charges from flat sales.
Total demand raised is ₹2,53,73,222 comprising GST of ₹80,24,960, interest of ₹93,23,302, a
Comfort Commotrade GST Recovery Order ₹2.25 Cr
Comfort Commotrade received a GST recovery order under Section 79(1)(c)(i) of SGST Act, 2017 for Rs. 2,25,19,203/-.
The demand covers FY 2020-21 and comprises tax of Rs. 78,92,749/-, interest of Rs. 6
Torrent Power ₹94.71 Cr GST Demand Order
Torrent Power received a GST demand order of ₹94.71 Cr for CGST & SGST covering April 2019 to September 2024.
An equal penalty of ₹94.71 Cr was imposed, bringing total exposure to approximately ₹189.4
Federal Bank Gets ₹322.6 Cr Income Tax Refund
Federal Bank received an Income Tax Department order dated 26 March 2026 under Section 254 of the Income Tax Act, 1961.
The order gives effect to an ITAT ruling dated 13 August 2024, resulting in a re
EIH Associated Hotels GST Penalty ₹33 Lakh
GST Authorities, Jaipur levied a penalty of ₹33,03,083 on EIH Associated Hotels' Trident Jaipur property.
Penalty imposed under Section 74 of CGST Act, 2017, relating to ITC claims on Input Services f
Paytm's FGTPL Gets ₹142 Cr Loan Waiver
AGTech Media Holdings waives ~₹142 Crore loan including accrued interest owed by Paytm's step-down subsidiary FGTPL.
FGTPL had discontinued its real money gaming business post regulatory changes; Payt
LIC Receives ₹8,531 Crore Income Tax Demand FY24
LIC received an income tax demand order for FY2023-24 totaling ₹8,576.82 crore in tax and ₹1,754.45 crore in interest.
Disallowances include addition of Interim Bonus as income, Negative Reserve as in
JSW Cement GST ITC Disallowance Order ₹6.89 Cr
JSW Cement received a GST order from Additional Commissioner, CGST & C.X. Haldia Commissionerate on 27th March 2026.
Order disallows ineligible ITC of ₹6,88,81,340 and imposes an equal penalty of ₹6,8
United Breweries Duplicate Share Certificate Notice
• UBL files duplicate share certificate notice for 1,200 shares (Certificate No. 108386) lost by shareholder Chandra Prabha, per SEBI Circular dated December 24, 2025.
• Avro India issues EGM corrigen
Fino Payments Bank Withdraws MD Reappointment Postal Ballot
Fino Payments Bank filed an addendum withdrawing MD & CEO Rishi Gupta's re-appointment from its ongoing postal ballot.
Withdrawal follows Gupta's arrest in an economic offences investigation; he was s
Kaynes Tech MD Settles SEBI Insider Trading Case
SEBI settles case against Kaynes Tech MD for Rs 23.42 lakh for failing to maintain a structured digital database for UPSI.
The company failed to properly log UPSI related to strong financial results,
Cummins India Gets Two GST Penalty Orders
Cummins India received two GST orders from Additional Commissioner CGST, Pune-II with combined tax and penalty exposure of ~₹124.6 crore.
Order 1 demands ₹43.8 crore tax and ₹43.8 crore penalty for al
Indian Overseas Bank Tax Demand Rs. 1742.96 Crore
Indian Overseas Bank received an income tax demand of Rs. 1742.96 Crores from NFAC for Assessment Year 2024-25.
The demand was raised via an assessment order under Section 143(3) read with Section 144
Landmark Property Settles ₹35.26 Cr Related Party Refund
Landmark Property Development signed a Refund and Settlement Agreement with related party Eterna Living Private Limited on March 27, 2026.
The agreement covers cancellation of a space booking arrangem
NCLAT Adjourns Company Appeal to May 2026
The National Company Law Appellate Tribunal (NCLAT) adjourned a company appeal (No. 168 of 2020) to 12th May 2026, listing it for hearing on that date.
The appeal is between Pradhyuman Kumar Dwarkadas
Emami Realty Postal Ballot Two Resolutions Passed
Emami Realty Limited declared postal ballot e-voting results for 2 resolutions as of 27th March 2026.
Resolution 1 approved NCD coupon rate revision from 7.50% p.a. to 10% p.a. on NCDs aggregating Rs.
Visaka Industries Revised IT Demand Order Disclosure
Visaka Industries filed a revised Regulation 30 disclosure correcting the date of receipt of an Income Tax assessment order to March 24, 2026.
The Assessment Unit raised a demand of ₹92,79,530 under S
Aksh Optifibre DRT Quashes Union Bank SARFAESI Action
Aksh Optifibre disclosed that DRT Jaipur set aside Union Bank of India's SARFAESI demand and possession notices on March 24, 2026.
The DRT order quashed both the Section 13(2) Demand Notice and Sectio
Panacea Biotec Tax Appeal Dismissed, ₹9.38 Cr Demand
CIT(A) dismissed Panacea Biotec's three appeals against ACIT penalty orders dated December 24, 2025 vide orders dated March 25, 2026.
The dismissed appeals relate to penalty for alleged under-reportin
Jubilant FoodWorks Receives GST Demand ₹15.36 Cr
Jubilant FoodWorks received a GST demand order of ₹15.35 crore plus equal penalty from CGST Commissionerate, Meerut.
The demand alleges incorrect classification of intra-company goods supplies under t
Hardcastle & Waud Sells Kolkata Property to Promoter Group
Hardcastle & Waud executed a Deed of Conveyance on 27th March 2026 for sale of its Kolkata property.
The property, Unit No. 7B at Sagar Estate, Kolkata, was sold to promoter group company Jeevdani Bus
Indian Overseas Bank ₹642.74 Cr Tax Demand AY2016-17
Indian Overseas Bank received a tax demand of Rs. 642.74 Crores from Income Tax Department for Assessment Year 2016-17.
The demand arises from a Giving Effect order to ITAT Order ITA No. 202 & 253/Chn
Sagar Cements Receives GST Order ₹1.78 Cr
Sagar Cements received a GST order from Additional Commissioner, Hyderabad levying net GST of ₹1,78,30,452 plus interest and penalty.
The order under Section 74 of CGST/TGST Act, 2017 relates to corpo
Saraswati Sugar Mills Rs. 18.80 Cr Tax Demand
Isgec Heavy Engineering discloses income tax demand of Rs. 18.80 Crore on subsidiary Saraswati Sugar Mills for AY 2024-25.
Order dated March 25, 2026 issued under Section 143(3) read with Section 144B
Escorts Kubota GST Demand of ₹46.79 Cr Dropped
State Tax Officer, Chennai dropped GST demand of ₹46.79 crore (plus interest & penalty) against Escorts Kubota for FY2019-20.
The demand arose from wrong classification of agricultural tractors as roa
Cera Sanitaryware ₹27.96 Cr Income Tax Demand
Cera Sanitaryware received a ₹27.96 crore income tax demand under Section 156 for FY 2023-24 (AY 2024-25).
The demand arose from disallowances made by the Assessing Officer; a penalty show cause notic
Embassy Developments Files HC Writ Against KIADB Land Order
Embassy Developments' subsidiary EEBPL filed a writ petition in Karnataka High Court challenging KIADB's order over ~78 acres at Kadugodi Industrial Area, Bengaluru.
On March 26, 2026, KIADB counsel c
Federal Bank Gets ₹490 Cr Income Tax Refund
Federal Bank received Income Tax Department orders on 26 March 2026 under Section 254 of the Income Tax Act, 1961.
The orders give effect to ITAT's ruling dated 13 August 2024 for Assessment Years 201
Bayer CropScience GST Penalty Order ₹11.87 Million
Bayer CropScience received a GST penalty order of ₹11.87 million from Central GST, Ahmedabad for FY2019-20.
The penalty relates to GST on Outward Supply and was received on March 26, 2026.
The company
Paisabazaar Receives Benami Property Order
Paisabazaar, wholly owned subsidiary of PB Fintech, received an order under Section 26(3) of the PBPT Act dated March 24, 2026.
The Adjudicating Authority confirmed an earlier Initiating Officer order
Fino Payments Bank MD Rishi Gupta Gets Bail
Fino Payments Bank MD & CEO Rishi Gupta was granted bail by the Special Judge for Economic Offences, Hyderabad, on March 26, 2026.
The investigation relates to program managers associated with multipl
Zaggle Receives ₹6.6 Cr Income Tax Demand
Zaggle Prepaid Ocean Services received an income tax demand of ₹6,60,51,200 for assessment year 2024-25.
The demand arises from an assessment order under Section 143(3) with ad-hoc additions to taxabl
TVS Srichakra ₹29.47 Cr Income Tax Demand Notice
TVS Srichakra received an Income Tax demand notice of ₹29.47 crores for FY 2017-18 (AY 2018-19) under Section 147 read with 144B.
The demand pertains to disallowance under Section 14A, with penalty pr
Mphasis Receives ₹2286.86 Cr Income Tax Demand
Mphasis received an Assessment Order under Section 143(3) read with Section 144B with a tax demand of ₹2,286.86 crores for AY 2023-24.
Additions to taxable income relate to ESOP expenses, subcontracto
Bonlon Industries GST Demand Order FY2019-20
Bonlon Industries received a GST order under Section 74 from Deputy Commissioner, Bhiwadi, Rajasthan on 25 March 2026.
The order covers tax and penalty demands for the period April 2019 to March 2020.
Ramco Industries ₹23.79L Income Tax Penalty Order
Ramco Industries received an Income Tax penalty order of ₹23,79,146 for Assessment Year 2017-18 on 26 March 2026.
Penalty levied under Section 270A represents 200% of the tax amount of ₹11,89,573 due
JSW Energy Wins Supreme Court GBI Ruling
Supreme Court on March 25, 2026 dismissed AP DISCOMs' appeal, upholding that GBI must be paid to wind power generators over and above tariff.
The ruling sets aside the APERC order dated July 28, 2018
Bharti Airtel Receives DoT Penalty Notice ₹1 Lakh
Bharti Airtel received a penalty notice of ₹1,00,000 from DoT Jammu & Kashmir LSA on March 25, 2026.
The penalty is for alleged violation of subscriber verification norms under the License Agreement d
Whirlpool India Tax Dispute ₹7.14 Cr Liability
Whirlpool of India received a draft assessment order for AY 2023-24 with total disallowances of ₹28.39 Cr.
Disallowances comprise Transfer Pricing adjustments of ₹21.31 Cr and Section 43B adjustments
Deepak Fertilisers Tax Demand Reduced 99.4%
Deepak Fertilisers discloses rectification order reducing GST demand on subsidiary Mahadhan AgriTech from ₹1,84,40,339 to ₹1,04,048.
Rectification was filed under Section 161 of CGST Act, 2017 against
UltraTech Cement Dalla Unit Arbitration Settled
UltraTech Cement's arbitration with Jaiprakash Associates over the Dalla Super cement unit and mines in Uttar Pradesh concluded with a final award on 26th March 2026.
All rights and interests in the D
Praruh Technologies GST Demand Order ₹4.27 Cr
Praruh Technologies received a GST demand order of ₹4,27,51,726 for FY 2019-20 from Uttar Pradesh GST authorities.
The order was received on March 25, 2026 from the Office of Deputy Commissioner, Stat
Fractal Analytics Receives Draft Tax Assessment Order
Fractal Analytics Limited received a Draft Assessment Order under Section 144C(1) of the Income Tax Act, 1961 for AY 2023-24.
The Draft Order proposes total additions of INR 156.56 crore on account of
KPT Industries Promoter Sells Shares Without Pre-Clearance
KPT Industries discloses promoters Mrs. Nirmala Dilip Kulkarni and Mr. Dilip Arvind Kulkarni sold shares without obtaining mandatory SEBI pre-clearance.
Promoter holding reduced from 1,27,012 shares (
Kokuyo Camlin ₹162.97 Cr Income Tax Demand
Kokuyo Camlin received an income tax assessment order under Section 147/143(3) read with Section 144B for AY 2018–19.
The IT Department alleged discrepancies in trade creditor balances, raising a tota
Brahmaputra Infrastructure Wins ITAT Tax Ruling
Brahmaputra Infrastructure received a favourable ITAT, New Delhi ruling for Assessment Year 2015-16, deleting 90% of a Rs. 53.50 Lacs addition.
The addition was made under Section 68 of the Income Tax
Salora International GST Bank Account Provisional Attachment
Salora International received a GST Department communication on 20 March 2026 for provisional bank account attachment under Section 83 of CGST Act, 2017.
Bank accounts at Kotak Mahindra Bank and Canar
Vedanta Clarifies NCLAT Filing vs Adani-Jaiprakash
Vedanta Limited responded to BSE/NSE query on March 23, 2026 regarding media reports about its NCLAT filing.
Vedanta confirms its legal proceeding against Adani's bid for Jaiprakash Associates has no
DMCC Chemicals Faces SCI Commercial Suit ₹2.48Cr
DMCC Speciality Chemicals discloses a commercial suit filed by Shipping Corporation of India under Reg. 30 of SEBI LODR.
SCI claims ₹2.48 crore plus applicable interest for cargo handling charges at v
ZF CV India 11th Postal Ballot RPT Approved
ZF Commercial Vehicle Control Systems India filed 11th Postal Ballot proceedings with BSE and NSE on March 23, 2026.
Shareholders approved material RPT with ZF CV Systems Global GmbH up to Rs. 2,500 c
Shree Renuka Sugars GST Penalty Order ₹3.2 Cr
Shree Renuka Sugars received a GST penalty order of ₹3,20,68,779 from Assistant Commissioner of State Tax Unit-103, Gandhidham.
Penalty imposed under Section 74 of CGST Act, 2017 for alleged wrongful
EPACK Durable Receives ₹29.03 Cr Tax Demand
EPACK Durable received an income tax assessment order under Section 144/144B for AY 2023-24 on March 23, 2026.
The faceless Assessing Officer made additions of ₹18.89 crore to taxable income, resultin
MedPlus Subsidiary Drug License Suspended in Karnataka
Optival Health Solutions, a MedPlus subsidiary, received a 3-day drug license suspension for its Mandya, Karnataka store.
The suspension was issued by the Assistant Director, Drugs Control Administrat
Timex India GST Demand Order FY2019-20
Timex Group India received a GST demand order (Form DRC-07) under Section 74 of the Tamil Nadu GST Act for FY2019-20.
The order was issued by the Assistant Commissioner (ST), Vadapalani, Chennai, for
Shradha Realty Postal Ballot RPT Approval Results
Shradha Realty Limited disclosed postal ballot proceedings under Regulation 30 of SEBI LODR dated 23rd March 2026.
Single ordinary resolution proposed: approval for material related party transaction(
Raw Edge Cancels 79,500 Invalid ESOP Grant
Raw Edge Industrial Solutions cancelled 79,500 ESOPs granted on 18th May 2024 due to missing BSE in-principle approval.
The grant under REISL ESOP 2023 is rescinded ab initio; no options were vested,
Supreme Court Grants Final Opportunity in Glas Trust vs Voizzit Technology Case
The Supreme Court granted a final opportunity to file counter affidavits in three Special Leave Petitions filed by Glas Trust Company LLC against Voizzit Technology and others.
The court directed the
LG Electronics India Draft Tax Assessment FY23
LG Electronics India received a Draft Assessment Order for FY2022-23 with total disallowances of ₹5,728 Million.
Transfer Pricing disallowance of ₹2,168.90 Million is covered under Advance Pricing Agr
HDFC Bank Clarifies Firing of Three Executives
HDFC Bank responded to NSE query on a news article about firing of three senior executives from its services.
The terminations stemmed from a DFSA decision notice related to HDFC Bank's Dubai DIFC bra
Brightcom Group Governance & Compliance Update
Brightcom Group filed a Regulation 30 disclosure on March 24, 2026 covering governance, compliance, audit, and operational matters.
Company is reviewing legacy capital structure issues, regularizing f
GSK Pharma Receives Rs 23.21 Cr Tax Demand
GlaxoSmithKline Pharmaceuticals received a tax demand of Rs 23.21 crore from CPC for Assessment Year 2023-24.
The demand arose post scrutiny assessment; the company is filing an appeal before the appe
Emmbi Industries Postal Ballot RPT Resolution Passed
Emmbi Industries Ltd disclosed postal ballot results for one ordinary resolution approved by members on March 23, 2026.
The resolution approving a related party transaction for Mr. Yash Ravi Punjabi t
MCX Subsidiary Pays ₹50L Financial Disincentive SEBI
MCXCCL, MCX's wholly owned subsidiary, transferred ₹50 lakh to its Core Settlement Guarantee Fund as a Financial Disincentive.
The penalty relates to a technical glitch that occurred on December 23, 2
Mangalam Industrial Finance Postal Ballot RPT Resolutions Passed
Mangalam Industrial Finance Limited (BSE: 537800) discloses postal ballot voting results for three ordinary resolutions on related party transactions.
All three resolutions revising material RPT limit
Shree Cement Receives ₹68.56 Lakh Mining Penalty
Shree Cement received a demand order imposing a penalty of ₹68.56 lakh from Rajasthan's Department of Mines & Geology, Ajmer Circle.
The penalty relates to delayed compliance under Mineral Concession
Nectar Lifesciences CGST Writ Petition Punjab High Court
• Nectar Lifesciences discloses CGST Commissioner's civil writ petition challenging a favourable appellate order dated May 27, 2025.
• Contingent financial exposure totals up to ₹95.56 crore (₹89.32 c
Tata Consumer ₹269 Cr Tax Demand Deleted
Tata Consumer Products received a rectification order deleting the entire ₹269.29 crore income-tax demand for FY2018-19.
The Deputy Commissioner of Income-tax, Kolkata reinstated all claims made in th
DIC India Files Suit Against Star Plastics
DIC India Limited filed a commercial recovery suit against Star Plastics before District Courts, New Delhi, seeking INR 60,62,333/-.
Star Plastics had agreed to pay INR 56,94,833/- post-settlement but
HDFC Bank Appoints Law Firms After Chairman Resignation
HDFC Bank's Board on March 23, 2026 appointed external domestic and international law firms to review Mr. Atanu Chakraborty's resignation letter.
The Bank clarified Chakraborty did not cite any practi
Gayatri Highways Q3 FY26 LRR Deficiency Clarification & Results
Gayatri Highways (NSE: GAYAHWS, BSE: 541546) responded to NSE's March 11, 2026 observation citing a typographical error (Sept 2025 vs Dec 2025) and missing signature page in its standalone Limited Rev
HDFC Life Income Tax Order ₹45.55 Cr Interest
HDFC Life received an income tax order on March 23, 2026 from ACIT Central Circle 6(2), Mumbai, with interest demand of ₹45.55 crore and nil penalty.
Allegations include misclassification of sharehold
Prakash Steelage ₹49.29 Cr Income Tax Demand AY2024-25
Prakash Steelage received a ₹49.29 crore income tax demand for AY 2024-25 from the Faceless Assessment Unit on March 23, 2026.
The demand arises from disallowances of certain expenditure/deductions in
New India Assurance ₹189 Cr Tax Demand AY2023-24
NIACL received an Income Tax assessment order under Section 143(3) for AY 2023-24 on 23rd March 2026.
The order involves disallowances of certain expenses with a total monetary impact of Rs. 1,89,37,0
OCCL Limited Anti-Dumping Absorption Review Initiated
OCCL Limited disclosed DGTR's initiation of an anti-absorption review (Case No. AD(AA)-02/2026) on Insoluble Sulphur imports from China PR, notified on March 20, 2026.
Existing anti-dumping duties of
Peria Karamalai Tea Postal Ballot RPT Approved
Peria Karamalai Tea & Produce Co. Ltd. (NSE: PKTEA) declared postal ballot results on 24th March 2026 for one ordinary resolution.
The sole resolution seeking approval for Material Related Party Trans
Vishal Mega Mart GST Tax Demand Order ₹71.85L
Vishal Mega Mart received a GST order under Section 74 of CGST Act, 2017 for FY 2019-20.
Total monetary impact is ₹71,85,432 comprising tax demand, interest, and equal penalty of ₹23,43,585 each.
Comp
HHIL Exercises Put Option in HPL JV
Hindware Home Innovation Limited exercised its put option in Hintastica Private Limited, its 50:50 JV with Atlantic SFDT, France.
HHIL holds 5,48,787 equity shares in HPL with aggregate equity investm
NCLAT Lists Assam Tea Employees PF vs Bhumya Tea Co. Case
The National Company Law Appellate Tribunal listed the appeal by Assam Tea Employees Provident Fund Organisation against Bhumya Tea Company for hearing on 25/03/2026.
The case involves a dispute betwe
NCLAT Lists Appeals by Pooja Aggarwal and Vishnoo Mittal
The National Company Law Appellate Tribunal (NCLAT) listed two appeals for hearing on 21/04/2026.
The first appeal (No. 218 of 2026) is filed by Pooja Aggarwal against Vivek Parti and others.
The seco
Bheema Cements FY23 Annual Report: Zero Revenue, ₹4,702L Loss
Bheema Cements Limited submitted its 44th Annual Report (FY2022-23) to BSE on 23.03.2026, with the AGM scheduled for 27th April 2026 via VC/OAVM.
Company reported zero operational revenue and a net lo
Bheema Cements FY25 Annual Report: Nil Revenue, Qualified Opinion
Bheema Cements reported nil operational revenue for FY 2024-25, recording a net loss of INR 3,009.97 Lakhs post-CIRP completion.
Statutory auditors issued a qualified opinion citing NCLAT repayment de
Winro Commercial Receives ₹3.65 Cr Tax Demand
Winro Commercial (India) Ltd received an income tax demand notice of ₹3,64,97,710 for AY 2022-23.
The demand arose from disallowance of brought-forward Short-Term Capital Loss of ₹10,71,68,937 under S
RBL Bank GST Demand of ₹92 Cr Withdrawn
RBL Bank's ₹92 crore GST demand (inclusive of interest and penalty) for FY2019-20 has been fully withdrawn.
Assistant Commissioner of State Tax, Mumbai, passed an order dated March 24, 2026 withdrawin
CRISIL Gets ₹121.20 Cr Tax Demand Order
CRISIL Limited received a re-assessment order u/s 147 for AY 2017-18 (FY 2016-17) on March 23, 2026.
The demand of ₹121.20 crore arose from erroneous tax computation by AO despite acknowledging no inc
NCLAT Dismisses Kurian's Appeal, Imposes Costs for Concealment
The NCLAT dismissed an appeal by N.K. Kurian, suspended director of Mango Meadows, against an NCLT order that dismissed his application under Section 65 of the IBC.
The appellant was found to have con
Brainbees Income Tax Demand Reduced by ₹30.98 Cr
Brainbees Solutions received a rectification order reducing AY 2022-23 income tax demand from ₹31.36 cr to ₹38.37 lakh.
The Authority recomputed total income for AY 2022-23 to ₹52.54 lakh, down from t
Cosmic CRF Supreme Court Appeal Admitted
Cosmic CRF Limited filed a Civil Appeal (Diary No. 15468/2026) before the Supreme Court against an NCLAT order dated 12th March, 2026.
The Supreme Court on 23rd March, 2026 admitted the appeal, condon
Birla Institute Appeals Student Death Case to Supreme Court
Birla Institute of Technology has filed a special leave petition in the Supreme Court against a High Court order in a student death case.
The institute has paid Rs. 20 lakh to the father of the deceas
Kalpataru Subsidiary Gets Favorable CIT(A) Tax Orders
Agile Real Estate Pvt Ltd, Kalpataru's subsidiary, received CIT(A) orders under Section 250 for Assessment Years 2019-20 to 2023-24.
CIT(A) substantially reduced 'additions to income', resulting in no
Exato Technologies Receives GST Demand Order ₹41,046
Exato Technologies received a CGST/SGST demand order of ₹41,046 for FY 2019-20 from Mumbai East division.
The order also levies a penalty of ₹41,046 and applicable interest under Section 50(1) of the
SM Auto Stamping Receives DGFT Show Cause Notice
SM Auto Stamping received a Show Cause Notice from Assistant DGFT, Regional Authority Pune on March 25, 2026.
SCN issued under Section 14 for action under Sections 9, 11, and 13 of Foreign Trade (Deve
DCM Nouvelle Income Tax Assessment Order AY2024-25
DCM Nouvelle received an income tax assessment order under Section 144B for AY 2024-25, with total disallowances of ~₹3.06 crore.
Notice of Demand under Section 156 specifies tax demand at ₹0, as the
Sukhjit Starch Receives ₹4.46 Cr Income Tax Demand
Sukhjit Starch & Chemicals received an Income Tax demand order u/s 143(3) for AY 2024-25 on 24 March 2026.
The demand amounts to ₹4.46 crore including interest; company plans to appeal before Appellat
Visaka Industries Receives IT Demand ₹92.8L AY2024-25
Visaka Industries received an Income Tax Assessment Order under Section 143(3) for Assessment Year 2024-25 on March 23, 2026.
The Assessment Unit raised a tax demand of ₹92,79,530 via a Demand Notice
Tijaria Polypipes Directors Convicted in IPO Fraud
Additional Chief Judicial Magistrate, Jaipur convicted all 6 directors of Tijaria Polypipes under Sections 63, 68, 628 of Companies Act 1956 on 17 March 2026.
Directors diverted ₹60 crore IPO proceeds
Kaushalya Infrastructure Receives ₹5.46 Cr IT Demand
Kaushalya Infrastructure Dev. Corp. received Assessment Orders under Sections 147/144 of the IT Act for AY 2017-18 to 2023-24.
Deputy Commissioner of Income Tax, Central Circle-15, New Delhi raised a
Take Solutions Statutory Auditor Resigns Over Fees
M/s. Venkat and Rangaa LLP resigned as Statutory Auditor of Take Solutions Limited effective March 25, 2026.
Resignation cited inadequate audit fees relative to business size, complexity, and statutor
Vodafone Idea GST Penalty Order ₹34.97 Lakh
Vodafone Idea received a GST order under Section 74 confirming a penalty of ₹34,97,279 along with demand and interest.
The order was passed by the Office of the Assistant Commissioner, Ernakulam Divis
Maruti Suzuki NCLAT-CCI Matter Adjourned April 2026
Maruti Suzuki filed a Regulation 30 disclosure updating status of NCLAT appeal against CCI's August 2021 order.
On 25th March 2026, NCLAT heard further arguments and adjourned the matter to 24th April
Deepak Nitrite GST Order ₹60.5L Demand
Deepak Nitrite received a GST order from Assistant Commissioner of State Tax, Vadodara for ineligible ITC claimed in FY 2019-20.
Total demand of ~₹60.47 lakh comprises tax ₹19.14L, interest ₹22.18L, a
LIC Receives ₹6,100 Cr Income Tax Demand FY2022
LIC received an income tax demand of ₹6,146.71 crore plus interest of ₹953.26 crore for FY 2021-22.
The demand was raised by the Assessment Unit, Income Tax Department, and received on March 25, 2026.
SEBI Confirms Interim Order Halting Par Drugs Slump Sale
SEBI confirms interim order halting Par Drugs' slump sale to a promoter entity, citing undervaluation and disclosure lapses.
Independent valuation ordered after SEBI found the proposed sale undervalue
Lal Kamleshbhai N HUF Penalized ₹5 Lakh for Illiquid Options Manipulation
SEBI adjudication order imposes a ₹5 lakh penalty on Lal Kamleshbhai N HUF for executing non-genuine reversal trades in illiquid stock options on the BSE.
The entity executed two reversal trades in a
Torrent Pharma NCLT Corrigendum Order on JB Chem Merger
Torrent Pharmaceuticals intimates BSE/NSE of a Corrigendum Order dated 24th March 2026 by NCLT Ahmedabad in the JB Chemicals merger.
The Corrigendum Order relates to the proposed amalgamation of JB Ch
City Union Bank Income Tax Assessment Order FY2024-25
City Union Bank received an income tax assessment order under Section 143(3) for Assessment Year 2024-25 on March 24, 2026.
The order reduces the bank's refund claim by ₹97,22,24,471, with nil additio
Lemon Tree Hotels Multiple Regulatory Orders Disclosed
Lemon Tree Hotels discloses regulatory notices/orders received by itself and three subsidiaries under SEBI Regulation 30.
Fleur Hotels Limited faces CGST demand of ~Rs. 8.49 crore in tax and equal pen
Sky Gate Hospitality Tax Demand ₹59.52 Mn
Devyani International's wholly-owned subsidiary Sky Gate Hospitality received an income tax demand order of INR 59.52 Million.
The demand under Section 143(3) of the Income-tax Act, 1961 relates to al