Birlasoft has paid a penalty of ₹1,23,14,040 to the Collector of Stamps. This penalty was imposed due to a delay of 4 days in lodging the National Company Law Tribunal’s (NCLT) order, which sanctioned the Composite Scheme of Arrangement, with the stamp authorities. The company confirmed that this event has no material impact on its financials, operations, or other activities.
Penalty Paid for Delayed Filing
Birlasoft Limited has disclosed the adjudication order from the Collector of Stamps, confirming a penalty payment of ₹1,23,14,040. This charge stems from a delay of 4 days in submitting the NCLT Order, which sanctioned the Composite Scheme of Arrangement, to the relevant stamp authorities.
No Material Impact on Operations
The company has confirmed that the payment of this penalty will be made in accordance with the prescribed process. Crucially, Birlasoft stated that the incident has no material impact on the company’s financial performance, ongoing operations, or any other business activities. The NCLT order itself, which was sanctioned by the tribunal and subsequently adjudicated upon, remains unaffected by this administrative delay and penalty.
Source: BSE
