SG Mart Limited has informed the Exchange -Update in relation to proceedings before the Hon ble Delhi High Court regarding stamp duty matter
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SG Mart Limited (formerly Kintech Renewables Limited) has received an interim stay from the Hon'ble Delhi High Court on impugned orders dated May 26, 2026, passed by the Office of Collector of Stamps. The stay is conditional on the company depositing 50% of the duty and penalty amount, equivalent to ₹95.80 lakhs, within one month. This follows the company's writ petition challenging the stamp duty orders. The matter was heard on May 29, 2026.
The interim stay provides temporary relief to the company against the stamp duty orders, though it still faces a significant cash outflow of ₹95.80 lakhs. The outcome of the main petition will determine the final liability.