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 to repay undisclosed inter-corporate deposits and promoter loans, concealing material facts in the 2011 prospectus.
Each director sentenced to 3 years 6 months imprisonment under Section 68 (most stringent charge), with all sentences running concurrently.
Tijaria Polypipes filed this disclosure under Regulation 30 of SEBI LODR on 25 March 2026, signed by Whole Time Director Praveen Jain Tijaria.