Income Tax provisional attachment on deceased promoter's shares in VLS Finance
VLSFINANCE · price
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Income Tax Department issued a provisional attachment order dated September 22, 2026, under the Black Money Act 2015 against properties of the company's late promoter, Shri Mahesh Prasad Mehrotra. The order covers 541,394 equity shares (541,393 shares of late Ms. Divya Mehrotra that passed to the promoter plus 1 share held directly by him). Management says the order will not materially impact company financials, operations, or other activities.
Shares held by the deceased promoter are provisionally attached. Management says no material impact on company operations or financials.