case₹3.8 Crpage 494
Income Tax Dept vs Mukesh Sangla (ITA 192/2022): IT appeal challenging ITAT order deleting ₹37,754,812 penalty under section 271(1)(C) for AY 2010-11; pending before Madhya Pradesh HC
ListedMainboardAuto AncillaryADROITIND
Adroit Industries (India) IPO
Adroit Industries (India) IPO is a mainboard IPO raising ₹151 Cr at ₹126 – ₹134 a share. It listed on 30 Sept 2026 at ₹235, +75.4% against its issue price of ₹134, and trades at ₹162 today (+21.1% since issue). It was subscribed 177× in total.
₹134
Issue price
₹162
Price now
+21.1%
Since issue price
30 Sept 2026
Listed on
177×Subscribed (final) · all exchanges
176.8 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What’s in court
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹5.1 Cr.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 25 | 0 | ₹2.0 Cr |
| Promoters | 6 | 8 | 2 | ₹0.5 Cr |
| Directors | 0 | 0 | 0 | — |
| Subsidiaries | 0 | 6 | 0 | ₹2.6 Cr |
| Group companies | 0 | 0 | 0 | — |
case₹2.5 Crpage 498
Subsidiary received income tax demand of ₹24.97 million under section 156 for AY 2023-24; company has filed appeal (exceeds materiality threshold)
case₹0.5 Crpage 493
Micro Polypet vs Signet Industries & Mukesh Sangla (CC 14450/2017): cheque dishonour case under section 138 NI Act for ₹50 lakh (cheque nos. 524656–524659 of ₹50 lakh each issued as alleged security)
case₹0.2 Crpage 493
Quality Construction vs Signet Industries, Mukesh Sangla & Saurabh Sangla (UNCR/15638/2026): complaint under BNSS seeking FIR registration for alleged unpaid balance of ₹2,035,791 on construction works at Pithampur facility
case₹0.1 Crpage 493
Central Excise vs Laxmi Pipes, Sunil Kothari and Mukesh Sangla (SC EOW/3300002/2015): CESTAT set aside ₹5,00,000 penalty on Mukesh Sangla; discharge application dismissed Oct 8, 2024; criminal revision pending before District & Sessions Court, Indore
Aggregate tax amounts are stated in ₹ million in the prospectus (p497); converted to crore at 1 crore = 10 million. Criminal/other counts derived from individual case disclosures on pp492–496 (no aggregate amount stated for these buckets). Promoters criminal = 5 cases against + 1 case filed by Mukesh Sangla (CRR/672/2024). Promoters 'other' = 2 civil/quasi-judicial matters (ITA 192/2022 income-tax appeal; WP 10832/2012 writ against Settlement Commission excise order). Materiality Threshold = ₹9.81 million (₹0.981 crore), p491. Group Companies: no pending material litigation disclosed, p491.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
Source documents
What the issuer and the exchanges published. Everything else on this tab is read out of these.
Prospectus on SEBI ↗
The full prospectus — business, financials, risk factors and litigation.
Anchor investor allocation ↗
Which institutions were allotted shares before bidding opened, and how many.
Bidding centres ↗
Where physical applications could be submitted.
Basis of issue price (peer ratios) ↗
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
Red Herring Prospectus ↗
The full prospectus — business, financials, risk factors and litigation.