Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Prakash Industries Limited ( (IN:PRAKASH) ) has issued an update.
Prakash Industries Limited has announced that the Supreme Court of India has dismissed a Special Leave Petition filed by the Central Bureau of Investigation (CBI) in connection with the Syndicate Bank matter, thereby upholding an earlier Delhi High Court judgment that had quashed the FIR and all consequential proceedings against the company and its promoter, Ved Prakash Agarwal. The company has clarified that there are no expected financial implications or claims arising from this outcome, signaling the closure of a significant legal overhang and potentially removing a source of regulatory and reputational uncertainty for stakeholders while reinforcing the company’s compliance standing under SEBI’s disclosure framework.
More about Prakash Industries Limited
Prakash Industries Limited is an India-based industrial company engaged in manufacturing and related activities, operating under CIN L27109HR1980PLC010724 and listed on both BSE and NSE under the symbol PRAKASH. The company is headquartered in New Delhi with a registered office in Hisar, Haryana, and is subject to SEBI’s listing and disclosure regulations as a publicly traded entity.
Average Trading Volume: 36,645
Technical Sentiment Signal: Buy
Current Market Cap: 25.63B INR
See more insights into PRAKASH stock on TipRanks’ Stock Analysis page.