Corporate Actions

Back

MOIL Limited faces a Rs 16.08 crore water tax demand from Wainganga Division Balaghat

29-Aug-26 19:51 Hrs IST

MOIL Limited has received a short recovery letter from the Executive Engineer, Wainganga Division Balaghat, regarding a short recovery of water taxes for the period from April 2008 to September 2025. The demand letter, received on August 29, 2026, totals Rs 16,08,16,712, encompassing 24% interest and 1% service charges based on a Comptroller and Auditor General (CAG) audit, and does not currently have any immediate operational impact. MOIL Limited is currently reviewing the demand and intends to pursue appropriate legal action, including a potential appeal.

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.