
Regulatory13 Aug 2026, 01:02 pm
Kridhan Infra Receives SEBI Show Cause Notice
AI Summary
Kridhan Infra Ltd has received a Show Cause Notice (SCN) from the Securities and Exchange Board of India (SEBI) dated August 12, 2026. The notice alleges non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specific violations cited include improper recognition of interest on bank loans in financial statements, failure to disclose departures from accounting standards, and non-filling of key management positions (Managing Director and CFO) for extended periods. SEBI has initiated adjudication proceedings. The SCN does not quantify any monetary penalty, and the financial implications are currently unascertainable, pending the outcome of the proceedings.
Key Highlights
- SEBI issued a Show Cause Notice to Kridhan Infra Ltd.
- Allegations include financial reporting and management position non-compliance.
- Adjudication proceedings have been initiated by SEBI.
- Monetary penalty and financial impact are currently undetermined.
Price Impact
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