Tijaria Polypipes Limited has informed the Exchange about General Updates

Tijaria Polypipes has filed an appeal in the District and Sessions Court, Jaipur against a criminal conviction order dated 17-03-2026 passed by the Additional Chief Judicial Magistrate. The conviction was on a complaint filed by the Registrar of Companies (RoC) against the company and its directors under Sections 63, 68, and 628 of the Companies Act, 1956, alleging false or misleading statements in the IPO prospectus filed around 2011. The lower court sentenced the accused to imprisonment of up to 3 years and 6 months along with fines totalling around Rs 14,000. The company has filed the appeal under Section 415 BNNS, arguing that no subscriber or shareholder has filed any complaint and that mere non-use of IPO proceeds as promised does not amount to a criminal offence under these sections. The matter is now sub judice before the District and Sessions Court.