Shradha Infraprojects Limited has informed the Exchange about General Updates - regarding Order dated 16th August 2025 passed by CJM Nagpur in the matter of Promoter.
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Shradha Infraprojects Limited informed the exchange about an order passed by the Chief Judicial Magistrate (CJM), Nagpur, on 16th August 2025 against its promoter, Mr. Sunil Gyanchand Raisoni, in his personal capacity. The case was disposed of through plea bargaining, with the accused released on admonition. The promoter has been directed to pay ₹2,02,000 as compensation and ₹66,670 as litigation costs. The underlying allegations relate to unauthorized commercial use of a BSNL internet lease line and unlicensed wireless equipment, involving offences under the Indian Penal Code, Wireless Telegraphy Act, and Telegraph Act.
The company has stated that the order pertains to the promoter personally and has no impact on the operations, financials, or activities of Shradha Infraprojects Limited. Shareholders are unlikely to see any material effect on the stock from this disclosure.