Key Event
On September 21, 2026, NIS Management Limited received a notice from the Employees' State Insurance Corporation (ESIC), Regional Office, Kolkata. The notice pertains to the proposed recovery of damages amounting to ₹92,17,443 (Ninety-Two Lakh Seventeen Thousand Four Hundred Forty-Three Rupees) for the period from July 2018 to June 2019.
Financial Implications
The expected financial implication, subject to the outcome of the proceedings, is ₹92,17,443 towards proposed damages. This amount represents the quantum of claims mentioned in the notice.
Company Response
The company is currently examining the notice and the matter in detail. NIS Management Limited intends to take appropriate legal steps to protect its interests, including submitting an appropriate representation before the concerned authority along with necessary information and supporting documents. The company will contest the matter in accordance with applicable law.