Digilogic Systems Limited Receives Show Cause Notices from Registrar of Companies
Digilogic Systems Limited announced today, March 28, 2026, that it has received Show Cause Notices (SCN) from the Registrar of Companies, Telangana, for E-Adjudication concerning defaults under Section 42(10) of the Companies Act, 2013.The company previously filed Adjudication Applications in December 2025, addressing procedural lapses identified during three private placements conducted in fiscal year 2024-25. These applications were disclosed as a risk factor in the company’s Red Herring Prospectus (RHP).
Details regarding the notices are summarized below:
| Authority | The Registrar of Companies, Telangana |
|---|---|
| Nature of Action | Show Cause Notices for E-Adjudication |
| Date of Notice | March 27, 2026 |
| Details of Alleged Violation | Procedural lapses related to three private placements during FY 2024-25. |
The company has received Show Cause Notices related to an amount of Rs. 2 crores for the company and Rs. 2 crores for each director, per private placement. The company intends to file a response and represent itself during the Adjudication process. The financial impact is yet to be quantified, and there is no current material impact on the company’s operations or other activities.
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