Regulatory Communication Summary
Date of Communication: June 4, 2026
Nature of Query: This document is a clarification submitted to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) in response to an interim order received from the Securities and Exchange Board of India (SEBI) dated June 3, 2026.
Company’s Clarification:
- The company clarifies that the SEBI order is interim in nature and states that "there has been no any adverse conclusion on any aspect arrived by SEBI."
- It firmly states that "the revenues declared by the company are correct and there is no over stating of revenues."
- The management characterizes the situation as a "communication gap and confusion between SEBI and the company."
- The company is actively "in the process of clarifying all aspects to SEBI by submitting all the required and relevant documents."
- It expresses confidence that "SEBI in its wisdom will clarify the situation and arrive at the correct conclusion based on the authenticated documents which are in the process of submission."
Reference to Regulatory Compliance: The communication is a direct response to a SEBI interim order, constituting a compliance disclosure under SEBI Listing Obligations and Disclosure Requirements.
Media Response: The company explicitly "rejects all adverse media reports appearing with regard to the interim order of SEBI" and announces it "will be shortly issuing a media clarification" to address speculation.
Topic Tags: Regulatory Response, SEBI Interim Order, Revenue Reporting, Compliance, Media Clarification