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BSECompany Update▼ NegativeRegulatory2 Oct 2026

Snowman Logistics Ltd

Please refer the attached file

Snowman Logistics Ltd has received a demand notice from the Income Tax Department for an amount of Rs 2,06,56,802 for under-reported income for Assessment Year 2024-25. The company believes that the penalty orders are not sustainable and is taking necessary steps to appeal against the orders before the appropriate Authority.

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BSECompany UpdateRegulatory2 Oct 2026

Indiabulls Ltd

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Reserve Bank of India has granted a Certificate of Registration to the Company as a Core Invesment Company. For further details please find attachment.

Indiabulls Ltd has been granted a Certificate of Registration as a Core Investment Company by the Reserve Bank of India, as per the applicable provisions of the Reserve Bank of India Act. However, the company will surrender the certificate if it is deemed non-applicable.

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BSECompany UpdateRegulatory2 Oct 2026

Rose Merc Ltd

Enclosed herewith Clarification Letter in respect of Price Movement.

Rose Merc Ltd clarified the price movement in its shares, stating that it has made all necessary disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has not withheld any material information. The company attributes the trading volume movement to market forces, with no control or knowledge of specific reasons. The company reiterates its commitment to inform stock exchanges about price-sensitive information.

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BSECompany Update▼ NegativeRegulatory2 Oct 2026

Austere Systems Ltd

Please find attached.

Austere Systems Ltd received a Warning-cum-Advisory Letter from SEBI on October 1, 2026, for contravening Regulations 30(2) and 30(6) of the LODR Regulations, read with Item 20 of Para A of Part A of Schedule III. The warning letter will be placed before the Board of Directors at its next meeting.

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BSECompany UpdateRegulatory2 Oct 2026

Austere Systems Ltd

Please find attached

Austere Systems Ltd has disclosed that the Hon'ble National Company Law Appellate Tribunal (NCLAT) has dismissed its appeal against a penalty of ₹44,25,569/- imposed by the Competition Commission of India (CCI) for historical soil-testing tenders. The NCLAT order did not increase the quantum of the penalty or impose any additional monetary liability on the company.

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BSECorp ActionRegulatory2 Oct 2026

Dhansafal Finserve Ltd

Pursuant to Regulation 30 of the SEBI Listing Regulations read with the applicable provisions of the SEBI ICDR Regulations, Intimation regarding lapse of unexercised warrants and forfeiture of upfront subscription amount.

Dhansafal Finserve Ltd has announced the lapse of unexercised warrants and forfeiture of upfront subscription amount, as per Regulation 30 of the SEBI Listing Regulations. The company has converted 4,97,00,000 warrants into equity shares, but the remaining 3,69,20,000 warrants have not been exercised, resulting in the lapse of the entitlement to exercise the conversion option and the forfeiture of the upfront subscription amount.

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BSECompany UpdateRegulatory2 Oct 2026

Baron Infotech Ltd

This is in continuation to our previous disclosures regarding CIRP of Baron Infotech Ltd. & approval of Resol.Plan of Innopark India Pvt Ltd ("SRA") by Hon''ble NCLT, hyd vide order dt. 8/9/2026. We wish to inform you that Mr.Vivek Kumar un-successful RA has filed appeal before Hon''ble NCLAT, Chennai vide CA(AT)Ins.No.516 of 2026, challenging orders of Hon''ble NCLT, Hyd. dt. 8/9/26 approving Resol.Plan of SRA. The submission of appellant have ....

Baron Infotech Ltd has filed an appeal with the NCLAT, Chennai Bench challenging the approval of the Resolution Plan of Innopark India Pvt Ltd by the NCLT, Hyderabad Bench. The NCLAT has ordered to maintain status quo as on October 1, 2026, and the matter is adjourned to November 3, 2026.

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BSECompany Update▲ PositiveRegulatory2 Oct 2026

ZF Commercial Vehicle Control Systems India Ltd

Favourable order received from the Office of the Commissioner (Appeals)

ZF Commercial Vehicle Control Systems India Ltd has received a favourable order from the Office of the Commissioner (Appeals) setting aside the demand of excess/irregular/ineligible Input Tax Credit (ITC) allegedly availed and utilized for the Financial Year (FY) 2020-21. The demand was originally made on the ground that there is a mismatch of ITC between GST monthly returns and the Annual Return, without considering the reconciliations provided. The Company clearly demonstrated with documentary evidence that there was no excess availment of ITC.

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BSECompany UpdateRegulatory2 Oct 2026

BN Agrochem Ltd

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, please find attached herewith update from the Company on Scheme of Amalgamation.

BN Agrochem Ltd has received an order from the National Company Law Tribunal (NCLT) allowing an extension of 90 days for convening and holding meetings of equity shareholders and secured creditors related to the Scheme of Amalgamation with Al Agri Global Limited, B.N. Agritech Limited, and Salasar Balaji Overseas Private Limited.

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BSECompany Update▲ PositiveRegulatory2 Oct 2026

Aether Industries Ltd

This correspondence is in connection to Reg. 30 of the SEBI (Listing Obligations and Disclosure Requirements) regulations, 2015, on the Demand and Show Cause Notice received by the Company, as annexed.

Aether Industries Ltd has received a Demand and Show Cause Notice from the Additional Commissioner (AE), CGST & Central Excise Commissionerate, Surat worth Rs. 4,26,16,311/-, disallowing tax credit availed over various expenses made during FY 2020-21 and FY 2021-22. However, the proceedings have been dropped by the Authority through an Order issued on October 1, 2026, considering the availed tax-credit fair and legitimate.

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BSECompany UpdateRegulatory2 Oct 2026

DIC India Ltd

In furtherance to the disclosure filed on March 03, 2026, please be informed that the Company has received Directions from Dispute Resolution Panel

DIC India Ltd has received directions from Dispute Resolution Panel-2 (DRP) under section 144C(5) of the Income-tax Act, 1961, regarding transfer pricing adjustments for Assessment Year 2023-24. The DRP did not accept most of the company's objections and directed the Assessing Officer to incorporate its findings in the final order.

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BSECompany Update▼ NegativeRegulatory2 Oct 2026

Skipper Ltd

Please find enclosed.

Skipper Ltd disclosed a rectified show cause notice from the Assistant Commissioner Office of The State Tax (GST) Bhubneshwar II, Odisha, proposing a demand of Rs. 40,95,59,214.00/- against the Company in relation to the mismatch in GSTR 1, GSTR-2A and GSTR-3B.

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BSECompany Update▲ PositiveRegulatory2 Oct 2026

Bajaj Electricals Ltd-$

Please refer to the enclosed file.

Bajaj Electricals Ltd has received a favourable order from the Appellate Authority, which annulled the assessment order, waived the penalty amount, and reduced the interest amount. The financial impact is limited to the relief granted and interest paid.

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BSECompany UpdateRegulatory1 Oct 2026

Bharat Bijlee Ltd-$

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Demand Order issued by the Assistant Commissioner of Income Tax.

Bharat Bijlee Ltd received a Demand Order from the Assistant Commissioner of Income Tax for ₹58,30,903/- payable by the Company, related to excess refund and consequential adjustment/computation of interest under Section 244A of the Income-Tax Act, 1961.

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