Austere Systems Ltd
Austere Systems Ltd - 544505 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Order Dated September 23, 2025 Passed By The Hon'Ble National Company Law Appellate Tribunal
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₹44,25,569Page 2
Description Details i) Name of the authority Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi ii) Nature and details of the action(s) taken, initiated or order(s) passed The proceedings originated from an order dated April 4, 2022 passed by the Competition Commission of India (“CCI”), pursuant to which a penalty of ₹44,25,569/ - (Rupees Forty -Four Lakh Twenty -Five Thousand Five Hundred Sixty -Nine only) was imposed upon the Company in relation to proceedings concerning historical soil - testing tenders. The Company had preferred an appeal before the Hon’ble NCLAT against the aforesaid order of the CCI.
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01Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Order dated September 23, 2025 passed by the Hon’ble National Company Law Appellate Tribunal
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02Pursuant to Regulation 30 read with Para A(20) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), and pursuant to the Warning -cum-Advisory Letter dated October 1, 2026 iss ued by the Securities and Exchange Board of India (“SEBI”), the Company hereby makes the following disclosure in respect of the order dated September 23, 2025 passed by the Hon’ble National Company Law Appellate Tribunal (“NCLAT”), New Delhi, in Competition Appeal (AT) No.
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03Description Details i) Name of the authority Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi ii) Nature and details of the action(s) taken, initiated or order(s) passed The proceedings originated from an order dated April 4, 2022 passed by the Competition Commission of India (“CCI”), pursuant to which a penalty of ₹44,25,569/ - (Rupees Forty -Four Lakh Twenty -Five Thousand Five Hundred Sixty -Nine only) was imposed upon the Company in relation to proceedings concerning historical soil - testing tenders. The Company had preferred an appeal before the Hon’ble NCLAT against the aforesaid order of the CCI.
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04The Hon’ble NCLAT, vide its order dated September 23, 2025, dismissed the appeal preferred by the Company and upheld the order passed by the CCI.
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05The NCLAT order did not enhance the quantum of the penalty nor did it impose any additional monetary penalty or any separate financial liability upon the Company over and above the penalty imposed by the CCI.
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- f9b090e3-2483-4d66-a9e8-edb6e67a5726
- First collected
- 3 Oct 2026, 17:18 IST
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- extracted · 2 pages read
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- 0b843b8b0f2a592ccf2facfaf646ce871630220307d9094f12c82b1e4939355d