Key Details of Summons
- Summons dated: 05 June 2026
- Issuing authority: Directorate of Enforcement (ED), Panji Zonal Office Goa
- Recipient: Mr. Vijay Chowgule, Whole Time Director of the Company
- Legal provisions: Section 37(1) and (3) of FEMA, 1999 read with section 131(1) of the Income Tax Act, 1961 and Section 30 of the Code of Civil Procedure, 1908
Nature of Action
Summons requires appearance and submission of documents in connection with a case "committed or alleged to be committed under the Foreign Exchange Management Act, 1999 in case of Jaywant Chowgule and others." The company clarifies that no formal charges or orders have been passed at this stage.
Financial and Operational Impact
The company explicitly states: "No quantifiable impact on the material or financial or operational activities of the Company."
Company Representatives
- Disclosure signed by: Rinky Gupta, Company Secretary and Compliance Officer
- Digital signature date: 10 June 2026 at 15:14:43 +05:30