Author: Legal Parivar

AWL Agri Business Ltd, formerly known as Adani Wilmar Ltd, has informed stock exchanges that it has received a penalty order from the Office of the Joint Commissioner, Corporate Circle, Lucknow, Uttar Pradesh. The order, issued under Section 73 of the Uttar Pradesh Goods and Services Tax (GST) Act, 2017, imposes a penalty of ₹35.02 lakh on the company. The penalty relates to the disallowance of input tax credit (ITC) arising from reconciliation differences with GSTR-2A and issues concerning eligibility under Section 17(5) of the CGST Act. The order was dated and received by the company on December 23, 2025.…

Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has informed stock exchanges that its wholly owned subsidiary, Deepak Mining Solutions Limited (DMSL), has entered into an agreement to acquire 100% equity stake in an explosives manufacturing company. The acquisition will be completed through a cash consideration, subject to fulfilment of certain conditions precedent and successful transaction closure. Due to confidentiality obligations, the name of the target company, transaction value and other financial details will be disclosed after completion of the deal. Strategic Rationale According to the company, the proposed acquisition will: Key Details of the Acquisition The company clarified that promoters…

Saatvik Green Energy Limited has received an additional order worth ₹16.74 crore (exclusive of GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 1,000 off-grid solar photovoltaic water pumping systems under the Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B scheme. The order covers 3 HP, 5 HP and 7.5 HP solar pumps, including design, manufacture, installation, testing, commissioning, warranty, repair & maintenance, and remote monitoring for five years at identified farmer locations across Maharashtra. Order Highlights The company disclosed the development under Regulation 30 of SEBI (LODR) Regulations, 2015, stating that promoters or group…

Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has informed stock exchanges that it has received an income tax demand of ₹21.51 crore from the Central Processing Centre (CPC), Bengaluru, under Section 143(1) of the Income Tax Act, 1961 for Assessment Year 2024–25. According to the company’s disclosure, the demand order was received on December 24, 2025. Key Details Company’s Response DFPCL stated that the assessment proceedings are still ongoing and will conclude by March 31, 2026. The company plans to seek clarification on the income difference and take appropriate action. It added that the demand has no material impact on…

Market regulator Securities and Exchange Board of India (SEBI) has further streamlined the process for issuing duplicate securities certificates, aiming to improve ease of investing and strengthen investor protection. In a circular issued on Wednesday, SEBI increased the threshold for simplified documentation from ₹5 lakh to ₹10 lakh and standardised key documents required for processing such requests. Key Changes Under the Revised Framework Rationale Behind the Move SEBI explained that earlier requirements resulted in unnecessary duplication and financial burden. “Executing two different forms and paying separate stamp duty results in duplication of effort and financial inconvenience for investors. In many…

In a major step towards safeguarding the Aravalli mountain range, the central government on December 24, 2025, announced a complete ban on granting new mining leases across the region. The move underlines the government’s commitment to the long-term protection of the Aravalli ecosystem. Key Objectives of the Ban The Ministry of Environment, Forest and Climate Change (MoEF&CC) stated that the ban aims to: “The Government of India stands fully committed to the long-term protection of the Aravalli ecosystem, recognizing its vital role in maintaining ecological balance and supporting livelihoods,” the ministry added. Expansion of Protected Zones The MoEF&CC has directed…

Foreign institutional investors (FIIs/FPIs) turned net sellers again on December 24, 2025, offloading shares worth ₹1,721 crore from Indian equities. In contrast, domestic institutional investors (DIIs) emerged as net buyers, purchasing shares worth ₹2,381 crore, according to provisional exchange data. During the session, DIIs bought shares worth ₹11,850 crore and sold ₹9,469 crore. Meanwhile, FIIs purchased ₹5,071 crore but sold shares totaling ₹6,793 crore. For the year so far, FIIs have net sold ₹2.81 lakh crore, while DIIs have net bought ₹7.67 lakh crore. Market Performance The BSE Sensex declined 116 points to 85,409, while the Nifty 50 eased 35…

MedPlus Health Services Limited has informed stock exchanges that its subsidiary, Optival Health Solutions Private Limited, has received three suspension orders for drug licenses of its stores in the state of Karnataka. The updates have been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Details of the Suspension Orders The company stated that the suspension orders affect the following stores: The orders were received on December 23, 2025. Financial Impact MedPlus noted that the monetary impact is limited, with a potential revenue loss totaling approximately ₹3.24 lakh across the affected stores. Regulatory Compliance The disclosure…

Aptech Limited on Wednesday informed stock exchanges that it has received a work order from an autonomous body under a State Government for conducting an OMR-based examination, in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In a regulatory filing dated December 24, 2025, the company stated that the contract has been awarded by a domestic government entity and carries an estimated value of ₹3.39 crore. Key Details of the Contract As per the disclosure and details provided under SEBI Circular dated November 11, 2024, Aptech has been entrusted with executing an OMR-based testing…

The Directorate of Enforcement (ED) has completed the restitution of properties worth ₹63.05 crore to State Bank of India (SBI) and UCO Bank under the provisions of the Prevention of Money Laundering Act (PMLA). Of the total assets restored, properties valued at ₹62.30 crore have been returned to SBI, while UCO Bank has received assets worth ₹75 lakh. These properties were earlier attached by the ED as part of a money laundering investigation linked to an alleged bank fraud involving M/s G.S. Oils Ltd and others. Background of the Case The ED initiated its probe in 2016 based on multiple…