Shardha AI Technologies Ltd has informed that Promoter and MD (KMP) of the Company has received an Order dated 16th August 2025 from CJM, Nagpur.
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Shradha AI Technologies informed stock exchanges that its Promoter and Managing Director, Mr. Sunil Gyanchand Raisoni, received a court order dated 16 August 2025 from the Chief Judicial Magistrate, Nagpur. The case involved alleged misuse of a BSNL internet lease line for commercial purposes and use of unlicensed wireless equipment, under charges including Section 120B read with 420 IPC and provisions of the Wireless Telegraphy Act and Telegraph Act. The matter was disposed of via plea bargaining, with the accused released on admonition and directed to pay ₹2,02,000 as compensation plus ₹66,670 in litigation costs. The company clarified the matter pertains to Mr. Raisoni in his personal capacity. The company explicitly stated the order has no impact on its operations or financials.
Minor negative for sentiment given legal issues involving the promoter, but financial impact is negligible (under ₹3 lakh in personal penalties). No operational or financial impact on the company itself.