Intimation with respect to penalty levied by office of Principal Commissioner of Custom Chennai-III
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Sparkle Gold Rock Ltd has clarified that a customs penalty order issued by the Office of the Principal Commissioner of Customs, Chennai-III on December 15, 2025 applies to 'Sree Jayalakshmi Autospin Private Limited' and not to the listed entity 'Sree Jayalakshmi Autospin Limited' (now Sparkle Gold Rock Limited). The current board states they were not involved in any alleged transactions, which relate to a period before their tenure, and has called the allegations unsubstantiated. The company has already filed detailed objections against the order and is pursuing further legal action to protect its interests. This follows an earlier BSE announcement on January 21, 2026 regarding the same matter.
Positive near-term: the listed company is distancing itself from the penalty by claiming it applies to a separate private entity, which should ease immediate investor concerns. However, shareholders should watch the legal proceedings, as an adverse outcome could still create reputational and legal risk for the listed company.