N. B. I. Industrial Finance Company Limited has informed the Exchange about General Updates
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N.B.I. Industrial Finance Company has received an adjudication order dated 31st May 2025 from the Office of the Collector of Kolkata under Section 31(1) of the Indian Stamp Act, 1899. The order demands stamp duty of Rs. 791.03 Lakhs (approximately Rs. 7.91 crores) on the value of shares issued under the Scheme of Amalgamation of Western India Commercial Co. Ltd. (Transferor Company) with N.B.I. Industrial Finance (Transferee Company). The company has stated that this demand appears excessive. It is currently consulting its legal advisor to determine the appropriate legal course of action to protect its interests. No penalty, restriction, or non-compliance has been formally identified beyond the monetary demand itself.
This is a regulatory demand, not a confirmed penalty, and the company intends to contest it, so there is no immediate cash outflow. However, if the demand is upheld after legal proceedings, it would mean a significant one-time liability of around Rs. 7.91 crores for a small NBFC, which could be material relative to its size and may weigh on the stock in the short term.