Fusion Finance Gets Relief as ITAT Dismisses Tax Department Appeals; ₹27.8 Cr Demands Quashed
Fusion Finance Ltd has received favorable orders from the Income Tax Appellate Tribunal (ITAT), New Delhi, dismissing appeals filed by the Income Tax Officer (ITO) for Assessment Years 2020-21 and 2021-22.
Key Highlights
ITAT dismissed a tax demand of ₹16.62 Cr for AY 2020-21.
ITAT dismissed a tax demand of ₹11.18 Cr for AY 2021-22.
The matters related to tax withholding on interest payments made to foreign NCD holders.
The company stated that the orders will have no impact on its financial position, operations, or business activities.
Fusion Finance became aware of the orders through a routine review of the tribunal's website.
EPack Prefab Bags ₹165 Cr Domestic Order for PEB Works
EPack Prefab Technologies Ltd has secured a material purchase order valued at ₹164.99 Cr (excluding taxes) from a domestic customer.
Key Highlights
Order value: ₹164.99 Cr (excluding taxes).
Scope includes designing and erection of Pre-Engineered Building (PEB) works.
Execution timeline is approximately four months.
Customer identity remains undisclosed due to confidentiality obligations.
The order strengthens the company's order book and reinforces its position in the industrial and infrastructure construction segment.
Restaurant Brands Asia Raises ₹1,500 Cr Through Preferential Allotment
Restaurant Brands Asia Ltd has approved a major capital raise through a preferential issue of equity shares and warrants to strategic investors.
Key Highlights
Allotted 12.86 crore equity shares at ₹70 per share, aggregating ₹899.99 Cr.
Allotted 8.57 crore warrants at ₹70 each, aggregating ₹599.99 Cr.
Total fundraising amounts to approximately ₹1,500 Cr.
Major allotment made to Lenexis Foodworks following Competition Commission of India (CCI) approval.
Additional allotments were made to Aayush Agrawal Trust, Inspira Foodworks, and Aayush Madhusudan Agrawal.
Post-allotment paid-up equity share capital stands at ₹711.44 Cr.
The transaction is expected to strengthen the company's balance sheet and support future growth initiatives.
Quint Digital Urges Shareholders to Update KYC Details Under SEBI Guidelines
Quint Digital Ltd has advised shareholders holding shares in physical form to complete or update their KYC details with Skyline Financial Services Pvt. Ltd.
Key Highlights
Action follows SEBI's Master Circular dated February 6, 2026.
Shareholders must update PAN, contact information, bank account details, and specimen signatures.
Non-compliant shareholders may be unable to lodge grievances or request services from the registrar.
Dividend and other payments will be processed electronically only after KYC details are updated.
Investors are encouraged to convert physical holdings into demat form.
Girnar Spintex Delays FY26 Results Due to Pending Audit
Girnar Spintex Industries Ltd has informed exchanges about a delay in announcing its audited FY26 financial results.
Key Highlights
Board meeting scheduled for May 30, 2026, was adjourned and reconvened on June 2, 2026.
Final audit report is still pending.
Ongoing audit process has prevented approval of audited financial statements.
Management stated that additional time is required to ensure accuracy and compliance with accounting standards.
The company expects to submit results after completion of the audit process.
Sam Industries Board to Consider Reappointment of Independent Directors on June 11
Sam Industries Ltd has scheduled its third board meeting of FY27 on June 11, 2026.
Agenda Highlights
Consider reappointment of Mr. Abhinav Kumar as Independent Director for a second five-year term.
Consider reappointment of Mr. Saurabh Mohta as Independent Director for a second five-year term.
Approve Postal Ballot Notice for obtaining shareholder approval regarding the appointments.
The meeting is scheduled to commence at 4:00 PM.
Jatalia Global Publishes FY26 Results Amid Ongoing Insolvency Proceedings
Jatalia Global Ventures Ltd announced that its audited financial results for the quarter and year ended March 31, 2026, were published in Financial Express and Jansatta on June 2, 2026.
The company remains under the Corporate Insolvency Resolution Process (CIRP), with proceedings continuing under the Insolvency and Bankruptcy Code.
These disclosures were made in accordance with applicable regulatory requirements.
