The company operates across more than 120 countries, with a strong focus on renewable energy, engineering goods, and consumer-appliance logistics.
The IPO comprises of a total offer size of upto INR 122.3 cr. It combines an offer for sale of INR 97.9 cr and a fresh issue of INR 24.4 cr.
US Visa Hike And Tariff Concerns Lead To A Sharp Selloff
Kapil Sharma has been named executive director and chief financial officer for a five-year term.
As per the notice issued the company will show cause within 30 days as to why GST of ₹96.58 Crore should not be demanded.
The company stressed that the investment will depend on the financial feasibility of individual projects and will require all necessary corporate and regulatory approvals.
On the financial results front, Shriram Finance reported a net profit of ₹2,159.4 crore for Q1, marking a 6.3% increase year-on-year.
The orders are scheduled for execution over FY26 and FY27, ensuring steady revenue streams in the coming years.
The SEBI order also stated several non-compliances by the company related to loans and advances.
Naveen Jindal, Chairman of Jindal Steel, called the commissioning a “proud moment” for both the company and the country.
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