Latest Announcements

Advance Agrolife Ltd has received a Show Cause-cum-Demand Notice from the GST Department under Regulation 30 of the SEBI Listing Regulations, alleging short payment of GST for FY 2022-23. The proposed demand is INR 1.84 Crores, interest of INR 1.20 Crores, and penalty of INR 18.53 Lakhs, aggregating to approximately INR 3.23 Crores.

Innovators Facade Systems Ltd has received a GST appeal order from the Office of Commissioner of Central Tax (Appeal-1), Bengaluru, upholding a GST liability of Rs. 47.77 lakhs plus interest and a penalty of Rs. 4.81 lakhs for FY 2018-19. The company is evaluating the order and may appeal to a higher authority.

Punjab National Bank received an administrative warning letter from SEBI's Investigations Department for insider trading by three Designated Persons and their immediate relatives from June 24, 2024 to August 6, 2024. The letter does not impose any financial penalty on the Bank.

SRF Ltd has received a show cause notice from the Additional Commissioner, CGST & Central Excise, Vadodara-II Commissionerate, regarding alleged disallowance of ₹266.32 crore Input Tax Credit for FY 2022-23 and 2023-24.

Interarch Building Solutions Ltd has disclosed a notice under Regulation 30 of SEBI(LODR) Regulations, 2015, regarding a direction from the Assistant Commissioner, Jurisdiction: Mohali-1, Ropar, Punjab, under the Central Goods and Service Tax Act 2017 (Punjab GST Act, 2017). The company has been issued a Demand Recovery Certificate (DRC-01) for FY 2022-23 for a mismatch of sales declared in GSTR 1 and e-way bills issued, and ITC claimed on supplies under section 17(5) blocked credit. The impact on the company's financial activities is quantifiable in monetary terms, amounting to ₹82,976,414.10.

Softrak Venture Investment Ltd has announced the outcome of its board meeting, where it has approved a three-day remote e-voting window for a special resolution regarding the disposal of non-operational barren land asset in Gujarat.

Rithwik Facility Management Services Ltd has received a show cause notice from the GST authorities under section 73 of TNGST/CGST Act, 2017, proposing tax on non-GST supplies, ITC non-reversal, and excess ineligible input tax credit. The company claims to have supporting documents for all disallowances and expects no financial implication, but a potential financial implication of Rs.8.41 crores if confirmed.

EIH Ltd has received a penalty order from the Income-tax Department under Section 271(1)(c) of the Income-tax Act, 1961 for Assessment Year 2016-17, levying a penalty of Rs. 92,56,326.

Mangalore Refinery and Petrochemicals Ltd has received an order from the Honorable High Court of Karnataka dismissing a case filed by the Department against the company's favor in a CENVAT Credit dispute. The dispute pertained to the period from April 2010 to December 2014 and involved an amount of ₹21,73,76,67,082/- and applicable interest with penalty.

Valiant Organics Ltd has received a Rectification Order under Section 154 of the Income-tax Act, 1961, for Assessment Year 2015-16, in the name of erstwhile Amarjyot Chemical Limited. The order rectifies a mistake apparent from the record and determines a net amount payable of Rs. 22,15,080/-.

Skipper Ltd has received a show cause notice from the Assistant Commissioner Office of The State Tax (GST) Bhubneshwar II, Odisha, proposing a demand of Rs. 2,27,53,28,966/- against the Company in relation to the mismatch in GSTR 1, GSTR-2A and GSTR-3B.

WeWork India Management Ltd has received a show cause cum demand notice from the Office of the Principal Commissioner of CGST & CX, Mumbai East for the period April 2021 to March 2023 under Section 74(1) of the Central Goods and Services Tax Act, 2017, alleging excess availment and utilization of Input Tax Credit (ITC).

KEI Industries Ltd has received a GST demand order from the Office of Superintendent, Range IV, Division IV, Central GST, Ahmedabad South, for Rs. 8,55,352, related to non-payment of tax on unbilled revenue during FY 2022-23. The company is evaluating options, including filing an appeal against the demand order.

UltraTech Cement Ltd has issued a clarification regarding a material price movement in its share price on 1st October, 2026, stating that it was purely market driven and no event or information triggered it.

Mold-Tek Packaging Ltd has received a tax demand notice of Rs. 36,04,920 from the Income Tax Department for the Assessment Year 2021-22. The company is currently responding to the notice and has not committed any violations or contraventions of the Income Tax Act, 1961.

Silverline Technologies Ltd has announced under Regulation 30 (LODR) that the company has received a notice from the Ministry of Corporate Affairs (MCA) under Section 206C of the Companies Act, 2013, regarding the non-filing of the Annual Return for the Financial Year 2020-21. The company has stated that it is in the process of filing the same and has requested the MCA to grant an extension of time for the same.

Sangam India Ltd has informed about a fire incident at its Spinning Division in Rajasthan, with estimated loss/damage of approximately Rs. 4 Crores. The incident has affected certain plant and machinery, but the company expects only a minor impact on production and operations.

Transindia Real Estate Ltd announces publication of newspaper advertisements for Notice of Petition in the matter of Scheme of Amalgamation with Madanahatti Logistics and Industrial Parks Private Limited.

MRPL announces support for the bereaved family of Shri Manish Karkada, who lost his life in a fire incident at the Coker Hydrotreater Unit (CHTU) of MRPL. The company will provide financial support of ₹90 lakh and insurance benefits of approximately ₹1.20 crore to the family.

ICICI Bank has received a show cause notice from the Additional Commissioner, CGST and C. Ex, Division-IV, Mumbai East Commissionerate for a GST demand of ₹ 229,14,35,396 along with interest and penalty as applicable, on services provided by the Bank to customers maintaining specified minimum balances in their accounts.