Intimation of receipt of Appeal Orders from Regional Director, South East Region against the earlier Adjudication Orders of ROC, Hyderabad.
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Digilogic Systems received three Adjudication Orders from ROC, Hyderabad on 22.04.2026 under Section 42 of Companies Act, 2013, imposing penalties of Rs. 4.73 crore on the company and similar amounts on officers for alleged non-compliances in private placements during 2024-25. The company appealed these orders to the Regional Director, South East Region, Hyderabad on 23.04.2026. The Regional Director, by orders dated 04.05.2026, has set aside all three Adjudication Orders in their entirety. Both the company and its directors are now fully absolved of all demands and penalties. The company confirms zero financial, operational or other impact and that operations continue normally.
This is a positive development for shareholders as all penalties have been nullified with no financial liability falling on the company or its directors. The regulatory matter is fully resolved in the company's favor.