Please find the revised disclosure under Regulation 30 of the SEBI (LODR), Regulation 2015
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Indong Tea Company has submitted a revised disclosure to BSE regarding an Administrative Warning Letter received from SEBI on 28 February 2025. SEBI flagged that the company's policy on materiality and a pending litigation (Case No. CS 153/2020) against the company and its promoters before the Kolkata High Court were not properly disclosed in the prospectus, as required under SEBI ICDR Regulations, 2018. The original disclosure was made on 30 April 2025, and this revision includes the reason for the delayed filing. The company states there is no monetary impact and that no fine or penalty was imposed, only a warning.
The SEBI warning is administrative in nature with no monetary penalty or fine, but it highlights compliance gaps in the company's prospectus disclosures. Shareholders should note the ongoing litigation reference and the regulatory scrutiny, though near-term financial impact appears limited.