https://www.taxtmi.com/news?id=41311 Two independent directors resigned amid allegations of fund diversion and governance lapses, citing concerns about leveraging the company's balance sheet to fund related businesses and the sustainability of servicing high debt. A markets regulator, following a complaint alleging share price manipulation and diversion of funds, barred the company and its promoters from market participation, ordered a hold on the announced stock split, and restrained promoters from holding director or key managerial positions in listed firms while the matter is under examination. en-us Thu, 17 Apr 2025 22:46:03 +0530 Thu, 17 Apr 2025 22:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41311 Two independent directors resigned amid allegations of fund diversion and governance lapses, citing concerns about leveraging the company's balance sheet to fund related businesses and the sustainability of servicing high debt. A markets regulator, following a complaint alleging share price manipulation and diversion of funds, barred the company and its promoters from market participation, ordered a hold on the announced stock split, and restrained promoters from holding director or key managerial positions in listed firms while the matter is under examination. News - Thu, 17 Apr 2025 22:46:03 +0530 https://www.taxtmi.com/news?id=41311