Latest Announcements

Zodiac Energy Ltd has received a favorable judgment from the Hon'ble High Court of Gujarat, quashing and setting aside a Show Cause Notice and consequential order related to a GST demand for FY 2018-19.

Tega Industries Ltd's wholly owned material subsidiary, Tega McNally Minerals Limited, received a favourable order from the Calcutta High Court in a writ petition challenging reassessment proceedings initiated by the Income Tax Department for Assessment Year 2017-18.

Zim Laboratories Ltd has received a Certificate of Good Manufacturing Practice (GMP) Compliance from Australia's Therapeutic Goods Administration (TGA) for its manufacturing facility at B-21/22, MIDC Area, Kalmeshwar, Nagpur, Maharashtra. The certification covers the manufacture of non-sterile finished products across both registered and listed therapeutic goods categories.

Maruti Suzuki India Ltd has received an Income Tax Appellate Tribunal (ITAT) order, which has allowed issues in favor of the company for eight years from FY 2013-14 to FY 2019-20 and FY 2021-22, resulting in a positive tax impact of Rs. 130,000 million (approx.) and reduction of interest component from contingent liability to Rs. 63,000 million (approx.).

Rajesh Exports Ltd has received an order from SEBI dated October 14, 2026, stating that no fine or penalty will be levied on the company, and the company is directed to continue cooperating with the investigative authorities and making true and accurate disclosures.

Dreamfolks Services Ltd has received a favourable order from the Office of the Commissioner of CGST & Central Excise (Appeals-II), Mumbai, setting aside a GST Demand Order of Rs. 1,35,09,720 plus applicable interest plus penalty of Rs. 13,50,972.

Refex Industries Ltd has received an order-in-appeal from the Commissioner (Appeals), CGST & Central Excise, Bhopal, allowing the company's appeal and setting aside the aggregate demand of ₹29,31,92,582 (tax & penalty) and interest associated with the demand confirmed under the Order-in-Original. The order is favourable to the company and results in setting aside of the demand that was the subject matter of the company's earlier intimation dated March 29, 2025.

Parshva Enterprises Ltd has been recognized as a 'Qualified Jeweller' by India International Bullion Exchange (IIBX), marking an important milestone for the company. The recognition reflects the company's commitment to professionalism, transparency, and compliance in the bullion and jewellery industry.

Morepen Laboratories Ltd has received a favorable judgment from the Hon'ble High Court of Himachal Pradesh at Shimla, quashing a Show Cause Notice (SCN) issued by the Office of the Commissioner, Central GST & Central Excise Commissionerate, Shimla, seeking recovery of ₹117,94,03,452/- towards excess GST refund, along with applicable interest and penalty.

Voltas Ltd has received relief from the GST Authority after submitting detailed submissions, dropping the Show Cause Notice dated 18th September, 2026, alleging wrongful availment of Input Tax Credit and short payment of tax for the financial year 2022-23.

Shilpa Medicare Ltd has received Europe GMP approval for its Unit 4 in Jadcherla, Telangana. The unit was inspected by AGES, Austria from July 27 to 30, 2026, and was issued GMP certification. The unit is engaged in manufacturing, testing, and distribution of sterile injections and non-sterile tablets and capsules in Europe and other global markets.

Rane Holdings Ltd's wholly owned subsidiary, Rane Steering Systems Private Limited, has received an order from the GST Authority dropping the demand of Rs.10.07 Crores including penalty in entirety.

Lemon Tree Hotels Ltd has received an order from the Commissioner (Appeals), Central Excise & CGST, Jaipur, setting aside a demand and penalty of ₹82,554/- imposed on its subsidiary Sukhsagar Complexes Private Limited. The order was received on October 8, 2026, and has no financial impact on the company.

Granules India Limited announced that it has submitted a Paragraph IV certification in connection with its ANDA for Ruxolitinib Extended-Release Tablets, and believes it is eligible for first-to-file status for the product.

Kairosoft AI Solutions Ltd has received a favorable court order quashing an earlier order passed under section 148A(d) of the Income Tax Act 1961, which may have a positive impact on the company's financials.

United Breweries Ltd has received refunds of ₹82.73 crores and ₹18.10 crores for Assessment years 2013-14 and 2020-21 respectively, totaling ₹100.83 crores, following the outcome of tax litigation.

Mukka Proteins Ltd has received a USDA NOP - Inputs Attestation from ECOCERT S.A.S., France, confirming its product 'Eco Sphere Organic Fertilizer' is suitable for use in organic farming, subject to specific conditions.

H.G. Infra Engineering Ltd has received a favorable order from the Deputy Commissioner of Commercial Taxes, Bengaluru, Karnataka, dropping the entire demand of Rs. 94.00 crore and closing the show cause notice proceedings with NIL Demand of Tax, Interest & Penalty.

SEPC Ltd, an EPC company, has received a positive development as the Madras High Court lifts attachment on ₹154 crore receivables following dispute settlement. The settlement involves no direct monetary outflow for SEPC, and all restrictions on its banking operations have been completely lifted.

RITES Ltd has received an order from the Hon'ble Deputy Commissioner of State Tax (Appeal-1), Division-1, Ahmedabad, Gujarat, allowing the company's appeal against the demand order pertaining to FY 2019-20, resulting in a relief of ₹38,30,49,704/-.