🚨 #LUPIN penalized by Orissa GST for Input Tax Credit misuse in FY18-19. The company disputes the ₹94L penalty, calling it unjustified, and will appeal. No material impact on financials/operations. 👉 wegro.app/7avTI2

🚨 #PCBL receives a tax demand of Rs. 1.10 lakhs for incorrect tax credit utilization during FY19. Company to contest the order and expects a favorable outcome. 👉 wegro.app/8rQTDV

BALAMINES: Balaji Amines to release audited financial results, consider dividend, and discuss AGM-related matters at its board meeting on May 8, 2024. Trading window closure in effect. #BALAMINES 👉 wegro.app/2TRcJt

📣 #KIRLOSIND subsidiary ISMT appoints Mr. Tanesh Kumar Dhingra as new Plant Head-Baramati, replacing Mr. Kishore Bhapkar who recently retired. Effective April 30, 2024. Keep this on your radar.

🚨 #HDFCBANK penalized Rs. 0.16 crore for GST, State Tax, & Customs violations. Alleged disallowance of input tax credit & underreporting of exempt turnover. Bank considering legal remedies. Investors advised to monitor potential financial impact. 👉 wegro.app/vuIn0V

Uniparts India ( #UNIPARTS ) has appointed Abhay Kapoor as its new Senior Vice President of HR. Kapoor brings over 3 decades of expertise in HR operations, strategic HR, and industrial relations. 💼👍

Coal India ( #COALINDIA ) extends M/s Alankit Assignments Limited as its Registrar & Share Transfer Agent for 5 extra months, May 2024 to Sep 2024, on existing terms. 👉 wegro.app/NMt1ji

✅ #GRANULES US subsidiary, GPI, gets #FDA approval for Colchicine Capsules, bioequivalent to #Mitigare Capsules. 💊 Used for gout flares, the drug has a US market size of ~$55M. Granules now has 64 total US FDA approvals. 👉 wegro.app/yNRhHC

ZYDUSLIFE: Zydus Healthcare's subsidiary received a demand order for ₹7.24Cr related to ITC for 2018-19. ZHL plans to appeal the order and anticipates no significant financial impact. More: wegro.app/9YrpXF #ZYDUSLIFE

Maruti Suzuki's 4th-gen Epic New Swift is now open for pre-bookings at just ₹11,000. The latest edition of India's No.1 premium hatchback boasts enhanced dynamics, reduced emissions, & a legacy of over 29 lakh proud owners. #MarutiSuzuki #Swift 👉 wegro.app/MWQyN3

Dr. Philoponus

Oberoi Hotels' ( #EIHOTEL ) flight services division penalized ₹57,295 for GST non-reversal of Input Tax Credit in 2018-19. Financial impact limited to the penalty amount. 👉 wegro.app/XpWR3Q

👋 #ONGC announces the retirement of Shri Dipak Patel, Executive Director, effective May 1, 2024. This is part of the company's regular succession planning. Operations remain unaffected. 👉 wegro.app/NMOuF2

⚖️ #RTNPOWER disputes legal action by #REC , holding 0.001% of its preference shares. RTNPOWER deems REC ineligible to initiate proceedings and will seek legal remedies. 👉 wegro.app/xDC3h4

📝 #VEDL releases its Q4 earnings call transcript (vedantalimited.com). Dive into the details of #Vedanta 's financial performance for the period ended March 31, 2024. 🧐💰 👉 wegro.app/Pn8rcZ

Sona BLW Precision Forgings #SONACOMS has released the audio/video recording of its investor call discussing Q4FY24 results. Check it out: wegro.app/oZ3rEZ

Der transparente Typ 🕊️ Z28.310 FOCUS online

Escorts Kubota's tractor sales fall -1.2% in April '24, largely due to elections & low reservoir levels. Construction equipment sales also dip -2.4%, while exports rise 10.9%. #ESCORTS

💰 #ENGINERSIN receives a tax demand of ₹32.18Cr from the GST Dept. The company will contest the order and assess its impact on FS for FY25. 👉 wegro.app/1XX5cW

Ernst Hackenberger