Dharan Infra-EPC Limited, which is under Corporate Insolvency Resolution Process, has reported ongoing issues in complying with information requests from the Securities and Exchange Board of India. Despite repeated summons and reminders, the company’s suspended directors, key managerial personnel and statutory auditor have failed to provide the pending records and data sought by the regulator.
The company has notified the National Stock Exchange of India and BSE Limited that it will continue to update the exchanges on any material developments related to the SEBI investigation. The situation underscores governance and compliance challenges that may affect stakeholders’ confidence and could influence the progress and outcome of the…