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 months imprisonment under Section 68, with fines of ₹3,000–₹6,000 per accused; all sentences to run concurrently.
Directors filed a criminal appeal before District & Sessions Court Jaipur under Section 415 BNNS, challenging conviction and seeking acquittal.
A stay application under Section 430 BNNS has simultaneously been filed to suspend the sentence pending disposal of the appeal.