Author: Legal Parivar

Birla Corporation Limited has announced that the Hon’ble High Court of Calcutta dismissed two civil revisional applications (C.O. No. 4320/2025 and C.O. No. 4338/2025) filed by five promoter shareholders challenging corporate decisions of the company. The court also directed that the results of voting on Resolution No. 5, concerning the adoption of the amended Articles of Association, be published. However, the amended Articles will not take effect for a month, pending disposal of related Miscellaneous Appeals. All subsequent actions, including vote casting and execution of the resolution, will follow the outcomes of these appeals. The company had previously informed stock…

Mumbai, December 24, 2025 – NBCC (India) Limited has entered into a Memorandum of Understanding (MoU) with the Board of Mumbai Port Authority to serve as the Project Management Consultant for the development of the CGO Complex on 25 acres of Mumbai Port land. Under the agreement, NBCC will be responsible for planning, designing, executing, and supervising key projects including the CGO Complex, an iconic building, multi-level car parking, an international convention centre, and the maintenance of buildings, sheds, wharfs, storage areas, and roads. The engagement is on an agency charge of 7% of the project cost, excluding GST, on…

Bengaluru-based Aequs Limited (formerly Aequs Private Limited) has informed stock exchanges that the Hon’ble High Court of Karnataka has set aside an Income Tax demand of ₹77.96 crore for the financial year 2017-18 (Assessment Year 2018-19). The demand had been raised by the National Faceless Assessment Centre under Section 143(3) of the Income Tax Act. Aequs had challenged the order by filing a writ petition before the High Court in October 2021. The court has now allowed the appeal, effectively nullifying the tax demand. Ravi Mallikarjun Hugar, Company Secretary and Compliance Officer of Aequs, confirmed the development in a filing…

Century Plyboards (India) Limited has announced the appointment of Ms. Nilima Joshi as an Independent Director for a five-year term from October 1, 2025, to September 30, 2030. The decision was approved through postal ballot and remote e-voting, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot process commenced on November 24, 2025, and concluded on December 23, 2025, with a total of 412 shareholders casting 205,759,239 valid votes. The resolution received overwhelming support from both promoters and public shareholders. The e-voting process was conducted through NSDL, and scrutiny was carried out by MKB & Associates,…

Mumbai, December 24, 2025 – 360 ONE WAM Limited has announced the incorporation of a step-down wholly owned subsidiary, 360 ONE Global Asset Management (IFSC) Limited, under the Companies Act, 2013. The subsidiary, a part of 360 ONE Asset Management Limited (AMC), was incorporated on December 23, 2025 and will carry out portfolio management and investment management business in Gujarat International Finance Tec-City (GIFT City). The subsidiary has been formed internally by AMC, with no third-party acquisition involved. It is yet to commence operations and will seek all necessary regulatory approvals, including from the Securities and Exchange Board of India…

Sterling and Wilson Renewable Energy Limited on Tuesday informed stock exchanges that it has received an order from the Assistant Commissioner of Central Goods and Services Tax (CGST), Jaipur, Rajasthan, regarding a mismatch of input tax credit (ITC) for the period between April 2018 and March 2020. According to the company’s regulatory filing, the GST authorities have raised a demand aggregating to approximately ₹95.21 lakh, excluding applicable interest and penalty. The order was issued on December 22, 2025, and was received by the company on December 23, 2025. The company clarified that the matter is covered under an indemnity agreement…

Alpex Solar Limited on December 24, 2025, informed the National Stock Exchange that it has received a new order worth ₹65 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order has been awarded under the “Magel Tyala Saur Krushi Pump” Yojana / PM-KUSUM B Scheme and involves the supply of off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of 3 HP, 5 HP and 7.5 HP capacity across districts in Maharashtra. The order value of ₹65 crore is exclusive of GST. According to the company’s regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015, the contract is…

Everest Industries Limited on December 24 informed stock exchanges that it has received partial relief in a GST matter from the Central Goods and Services Tax (CGST) Department, Roorkee, Uttarakhand. The company said the CGST authority passed an order on December 23, 2025, following a show-cause notice issued earlier in September. After considering Everest Industries’ reply and hearing the matter, the tax demand has been substantially reduced by ₹1.23 crore. As per the order, the original GST demand of ₹1.73 crore has now been cut down to ₹50.06 lakh. This includes IGST of ₹47.80 lakh, along with CGST and SGST…

State-owned construction major NBCC (India) Limited has taken a significant step towards expanding its international footprint by entering the overseas real estate market in Dubai, the company informed stock exchanges on December 24, 2025. In a regulatory filing to the National Stock Exchange (NSE) and BSE, NBCC said that its wholly owned subsidiary, NBCC Overseas Real Estate LLC, has acquired a prime land parcel in Dubai Mainland for AED 15 million. The land measures 14,776.80 square feet and will be developed as a mixed-use project. The acquisition marks the formal beginning of NBCC’s overseas real estate operations, with Dubai chosen…

The Bombay High Court has stayed all existing and future actions initiated by three public sector banks to classify the accounts of industrialist Anil Ambani and Reliance Communications Ltd (RCom) as “fraud”. In an interim order passed on Wednesday, the High Court observed that the banks had violated the Reserve Bank of India’s (RBI) Master Directions while issuing show-cause notices to Ambani and his company. The notices were issued by Indian Overseas Bank, IDBI Bank and Bank of Baroda, seeking to declare the accounts as fraud accounts. Justice Milind Jadhav noted that the banks’ action was based on a forensic…