Kridhan Infra Limited Receives Show Cause Notice from SEBI Regarding Financial Reporting and Director Disclosures
Kridhan Infra Limited has received a Show Cause Notice (SCN) dated August 12, 2026, issued by the Securities and Exchange Board of India (SEBI). The notice relates to alleged non-compliance with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The SCN initiates adjudication proceedings under relevant sections of the SEBI Act, 1992, and is intended to inquire into potential contraventions concerning financial statements and corporate disclosures.
The alleged violations cover multiple areas relating to statutory reporting and compliance. The details of the alleged contraventions are summarized below:
| Allegation Area | Relevant Standards/Regulations | Details of Non-Compliance |
|---|---|---|
| Financial Statements (FY 2023) | Ind AS 1, 23, 32 and 109 | Non-recognition of interest on loan from banks in the preparation and presentation of Standalone and Consolidated Financial Statement and Financial results for the Financial year 2023. |
| Financial Disclosures | Ind AS-1 | Alleged failure to make disclosures in financial statements regarding departure with accounting standards. |
| Management Reporting | SEBI (LODR) Regulations, 2015 | Non-filling of the position of Managing Director from October 10, 2022 to February 12, 2024, and Chief Financial Officer from July 1, 2022 to February 12, 2024, for a period exceeding three months. |
The SCN concerns violations pertaining to SEBI (LODR) Regulations, 2015. The receipt of the direction or order was recorded on August 12, 2026.
Regarding the operational impact of these allegations, Kridhan Infra Limited reported that the SCN does not quantify any monetary penalty. The financial implications, if any, will be determined by the outcome of the adjudication proceedings.
KRIDHANINF Stock Price Movement
Kridhan Infra Limited stock closed higher today in the post-market trading session, settling at ₹2.25 after gaining 2.27% off its previous close. The equity finished the day having traded a volume of 12,145 shares as it edged upward.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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