Update on the Corporate Announcment made on Janauary 29, 2025 regarding rumour verification and action taken on SEBI Letter
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company is updating on a January 29, 2025 announcement about false social media videos claiming it had a Rs. 3,000 crore order from Capgemini, Rs. 1,800 crore revenue for FY24, a P/E of 26, promoter holding of 65%, and a possible dividend. The company denied all claims as baseless, filed a police complaint against the video originator on January 31, 2025, and clarified on its website. SEBI later issued an administrative warning on May 27, 2025 for non-compliance with Regulation 4(1)(d) and 4(1)(i) read with Regulation 30(11) of the SEBI Listing Regulations, citing inadequate disclosures. The actual FY24 revenue was ₹68.44 crore and promoter holding as of March 31, 2025 is 74.92%, contradicting the viral claims. The Board has noted the warning and instructed management to ensure compliance going forward.
This is an administrative warning, not a financial penalty, so the immediate financial impact is limited. However, the episode highlights past disclosure lapses and exposure to rumour-driven volatility — shareholders should verify company data only through official BSE filings or the company's website, not social media.