NIS Management receives ESIC show cause notice for ₹92.17 Lacs

NIS Management Ltd has received a show cause notice from the Employees' State Insurance Corporation (ESIC) on September 21, 2026. The notice pertains to the proposed recovery of damages amounting to ₹92,17,443 for the period from July 2018 to June 2019. The company is currently examining the notice and the matter in detail. It intends to take appropriate legal steps to protect its interests, including submitting a representation to the concerned authority and contesting the matter in accordance with applicable law. The potential financial implication is the full amount of ₹92,17,443, subject to the outcome of the proceedings.