Tax & Penalty23 Apr 2026, 03:59 pm
Digilogic Systems Faces ₹6.73 Cr Penalty; Appeals Order
AI Summary
Digilogic Systems Ltd received adjudication orders from the Registrar of Companies, Hyderabad, regarding alleged defaults under Section 42 of the Companies Act, 2013. The orders impose penalties totaling ₹6.7344 crores on the company and its officers for private placement procedural lapses during FY 2024-25. The company is appealing the orders before the Regional Director and anticipates no immediate financial impact as of April 23, 2026. The penalties include ₹2 crore each for two orders and ₹73.44 lakhs for another, levied on both the company and its executive directors.
Key Highlights
- Digilogic Systems received adjudication orders from the Registrar of Companies, Hyderabad.
- Penalties totaling ₹6.7344 Cr imposed for private placement procedural lapses.
- The company is appealing the adjudication orders before the Regional Director.
- No immediate financial impact is expected as of April 23, 2026.
- Penalties levied on both the company and its executive directors.
Price Impact
More from DIGILOGIC