Afcons Infrastructure Receives Rs 16.48 Crore Penalty Order, Plans to Challenge It:
Afcons Infrastructure has informed the stock exchanges about receipt of penalty order from Tahsildar, Bhiwandi, Maharashtra.
Afcons Faces Rs 16.48 Cr Penalty Order
Vanshika verma
Jul 8, 2026
Afcons Infrastructure Limited has informed the stock exchanges about receipt of penalty order from Tahsildar, Bhiwandi, Maharashtra. The company announced the development on July 6, 2026, as per the listing regulations of SEBI.
According to the company, the authorities have imposed a penalty of Rs 16.48 crore over alleged irregularities related to earth excavation and the removal of soil in the Mouje Purna and Rahanal areas. These activities are linked to the MML5 Project.
The company also stated that there are no related proceedings involving its promoters or key management personnel in connection with this matter.
About Author
Vanshika verma
Content Writer
Studycafe
Delhi, Delhi, India
1990My Recent Articles
- Lucknow Ad Firms Under Scanner Over Alleged Circular Trading, ITC Irregularities
- ITAT Strikes Down Reassessment Based on Anonymous TEP, Says AO Must Independently Verify Allegations Before Invoking Section 148
- ITAT Remands Rs 4.90 Crore Depreciation Dispute to CIT(A), Cites Natural Justice Concerns and Need for Further Opportunity
- Sapphire Foods India Receives INR 1.40 Million GST Show-Cause Notice Over Alleged Incorrect ITC Availment and Utilisation
- Vigilance Raids GST Joint Commissioner’s Premises, Seizes Rs 14.10 Lakh Unaccounted Cash
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts