Tiger Logistics Fined ₹59,981 by RBI for FEMA Violation

Tiger Logistics (India) Ltd has received a Compounding Order from the Reserve Bank of India (RBI) for contravention under the Foreign Exchange Management Act, 1999 (FEMA). The violation pertains to non-compliance with post-disinvestment valuation reporting requirements. The RBI has compounded the contravention upon payment of INR 59,981. The company stated that the financial impact is limited to this compounding amount, with no material impact on its operations or other activities.