casepage 335
Ruchi Singla v/s Black Opal Consultants Pvt Ltd & Others (NACT/927/2024) – Sec 138 NI Act complaint before Chief JM, SAS Nagar, Mohali; Company listed as accused but no notice received; next hearing 28-Oct-2026
ListedSMEConstruction - Real EstateBLACKOPAL
Black Opal Consultants IPO
Black Opal Consultants IPO is an SME IPO raising ₹55 Cr at ₹185 – ₹197 a share. It listed on 7 Oct 2026 at ₹200, +1.5% against its issue price of ₹197, and trades at ₹132 today (−32.8% since issue). It was subscribed 69× in total.
₹197
Issue price
₹132
Price now
−32.8%
Since issue price
7 Oct 2026
Listed on
69×Subscribed (final) · all exchanges
68.7 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.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 1 | 0 | 0 | — |
| Group companies | 0 | — | 0 | — |
| Promoters | 1 | — | 0 | — |
| Directors | 1 | — | 0 | — |
casepage 336
Same Sec 138 matter pursued against Promoters Saurabh Gupta, Prasoon Chauhan & Ishan Aggarwal (CRM/2314/2025); cross-referenced to NACT/927/2024
casepage 337
Same Sec 138 matter also pending against Directors (CRM/2314/2025); cross-referenced to NACT/927/2024
All litigations are nil except a single Section 138 NI Act complaint that simultaneously implicates the Company, Promoters and Directors (same underlying matter; only one substantive case). No monetary amount is disclosed for any proceeding. The Tax Claims summary table (Section VI) shows Nil cases / Nil amount for the Company on both Direct and Indirect Tax; no separate figures disclosed for Group Entities, Promoters or Directors. No regulatory/statutory actions, civil suits, IBC proceedings, wilful-defaulter or SEBI debarment findings. Material threshold under Materiality Policy = ₹46.69 lakhs ≈ ₹0.47 crore (1 crore = 100 lakhs).. 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.