case₹32 Crpage 366
Company tax exposure: 8 cases aggregating ₹3,174.42 lakhs (₹31.74 crore), including a ₹18,80,45,670 (≈₹18.80 cr) income-tax demand for AY 2020-21 under appeal and a CGST order of ₹12,90,26,918 (≈₹12.90 cr) under appeal
ListedMainboardFilm ProductionSUNSHINE
Sunshine Pictures IPO
Sunshine Pictures IPO is a mainboard IPO raising ₹282 Cr at ₹342 – ₹360 a share. It listed on 25 Aug 2026 at ₹396, +10.0% against its issue price of ₹360, and trades at ₹510 today (+41.6% since issue). It was subscribed 106× in total.
₹360
Issue price
₹510
Price now
+41.6%
Since issue price
25 Aug 2026
Listed on
106×Subscribed (final) · all exchanges
105.8 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.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 2 | 8 | 6 | ₹32 Cr |
| Promoters | 2 | 4 | 1 | ₹0.7 Cr |
| Directors | 3 | 9 | 1 | ₹0.6 Cr |
case₹0.9 Crpage 369
FIR No. 1052 of 2024 – Vipul Shah (Promoter) vs Mohammed Aslam: criminal complaint under Sections 406 & 420 BNS for cheating/breach of trust in Pench resort MEP contract, with ₹86,29,532 (≈₹0.86 cr) outstanding
casepage 363
ROC Maharashtra vs Sunshine Pictures & Ors. – Misc. Application No. 687 of 2025: criminal prosecution of the Company and its Promoters (Vipul Amrutlal Shah & Shefali Vipul Shah) for alleged non-compliance of Sections 129, 128, 450 and 143 of the Companies Act, 2013; next hearing Sept 17, 2026
casepage 369
Yohan George vs Union of India & Ors. – WP(C) 11010 of 2026: writ petition before Kerala High Court challenging certification/exhibition of 'The Kerala Story 2 – Goes Beyond', naming promoter Vipul Shah as Respondent 4; next hearing Aug 21, 2026
casepage 367
State of Maharashtra vs Manmohan Ramanna Shetty (Independent Director): three criminal proceedings (one FIR and two cases) alleging unauthorized construction within the Coastal Regulation Zone at Murud, Raigad, under the Environment (Protection) Act, 1986 and MRTP Act; matter under investigation, next hearing Aug 19, 2026
Original amounts stated in ₹ lakhs; converted to crore at 1 crore = 100 lakhs (₹1 lakh = ₹1,00,000). No grand total stated in the prospectus. The Company-side cheque-bounce matter against Hemlata Rabada & Pradeep Pillai involves ₹18,84,427 (≈₹0.19 cr). The KMP/SMP matter (Sunil Karda cheque-bounce complaint, ₹10.50 lakh dishonoured) is not captured in the standard party buckets. Subsidiaries and group companies have no outstanding litigation disclosed.. 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.