Shankar Lal Rampal Dye-Chem Reaches Police Over Allegations of False Representation
Shankar Lal Rampal Dye-Chem Limited has been served with a notice concerning an investigation into allegations of false representation and wrongful loss. The company confirmed that it received the communication from authorities regarding a case filed against it by a complainant.The inquiry stems from Case No. 185, dated August 01, 2026, initiated by Mr. Rajesh Kumar Biyani (Complainant). Shankar Lal Rampal Dye-Chem Limited stated that it received the notice on August 07, 2026, from the Police Station - Gariahat, West Bengal, seeking the production of documents related to the case.
The company has categorically denied all allegations made by the complainant and its promoters. Management confirmed that they are in the process of pursuing appropriate legal remedies against these claims while providing documentation as requested by the agency. The company added that further disclosures will be made regarding any material developments.
Regarding the ongoing matter, the details provided include:
| Particulars | Details |
|---|---|
| Brief details of litigation | Notice under Section 94 of The Bharatia Nagarik Suraksha Sanhita, 2023 dated August 07, 2026 by Police Station - Gariahat, West Bengal against the company ('Notice') concerning the investigation of Case No. 185 dated 01/08/2026 alleging false representation and wrongful loss to the Complainant by promoters, the company, and three others. |
| Expected financial implications | Not applicable, as this is a notice for production of documents to the Police Station. |
| Quantum of claims | Not applicable, as this is a notice for production of documents to the Police Station. |
SRD Stock Price Movement
Shares of Shankar Lal Rampal Dye-Chem Limited slipped by 0.30% on Friday, closing at ₹36.64. The decline saw the stock price hit a 52-week low, following trading activity of 24,352 shares during the session.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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