Notice from Regional Director seeking info under Companies Act
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 3.4 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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India Homes Limited has received a notice from the Office of the Regional Director, Western Region, Mumbai-II, under Section 210(1)(c) read with Section 217(1)(a) of the Companies Act, 2013. The authority has sought certain information and records from the Company and its Group companies. The Company is compiling the required documents and will furnish them to the authority in due course.
Regulatory inquiry into company affairs. Outcome depends on information submitted. May create short-term uncertainty for shareholders.