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Symphony Limited ( (IN:SYMPHONY) ) just unveiled an announcement.
Symphony Limited announced that the National Company Law Tribunal (NCLT) dismissed its appeal to rectify the register of members after shares were fraudulently transferred by the former Registrar and Share Transfer Agent, Sharepro Services. Despite SEBI’s lack of objection to the rectification, the tribunal referred the matter to the ROC/EoW. Symphony Limited has been proactive in addressing the fraudulent activities since 2015-16, including legal actions and filing a First Information Report. The company is reviewing the tribunal’s decision and plans to take further steps, including possibly filing an appeal, although the dismissal does not materially impact its financial or operational activities.
More about Symphony Limited
Symphony Limited operates in the consumer electronics industry, primarily focusing on manufacturing and distributing air cooling solutions. The company is known for its innovative products in the air cooling segment and has a significant market presence in India and other international markets.
Average Trading Volume: 3,905
Technical Sentiment Signal: Sell
Current Market Cap: 59.18B INR
See more data about SYMPHONY stock on TipRanks’ Stock Analysis page.