India Power Corporation Limited Under Investigation by Serious Fraud Investigation Office
India Power Corporation Limited (formerly known as DPSC Limited) has received a notice from the Serious Fraud Investigation Office (SFIO) regarding an investigation into its affairs. The notice was issued by the Ministry of Corporate Affairs (MCA), Government of India, in New Delhi.The company is currently undergoing a Corporate Insolvency Resolution Process (CIRP). This process commenced following an order from the National Company Law Tribunal (NCLT), Hyderabad Bench-1, on May 15, 2026. Under this order, the powers of the Board of Directors have been suspended.
The investigation was initiated by the Ministry of Corporate Affairs under Section 212(1)(c) of the Companies Act, 2013. The SFIO has been directed to investigate the affairs of SREI Infrastructure Finance Limited and other related entities, including a calling of information under Section 217(1) of the Companies Act, 2013.
The company stated it is cooperating with the SFIO by providing the necessary information and documents required for the investigation. The company noted that there are no specific violations or contraventions alleged in the current notice. Furthermore, the company reported that there is no expected impact on its financial or operational activities as a result of this notice.
The following table summarizes the details regarding the investigation:
| Particulars | Details |
|---|---|
| Name of the Authority | Serious Fraud Investigation Office (SFIO) Ministry of Corporate Affairs (MCA), Government of India, New Delhi |
| Nature and Details of Action | Investigation into the affairs of the Company u/s 212 of Companies Act, 2013 - calling of information under Section 217(1) of the Companies Act, 2013 |
| Date of Receipt of Order | July 14, 2026 |
| Alleged Violations | None as per the referred Notice |
| Impact on Activities | No impact on financial, operational, or other activities of the Company |
DPSCLTD Stock Price Movement
DPSC Limited shares edged higher today to settle at ₹7.50, gaining 0.94% in post-market trading. The stock saw a total volume of 66,670 shares as it outperformed its previous close of ₹7.43.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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