Medico Remedies Limited — Others, 26-11-2024: Action(s) initiated or orders passed

Medico Remedies Limited has received a notice from the Ministry of Corporate Affairs for non-compliance with Section 148 of the Companies Act concerning the non-filing of Cost Audit Reports for FY 2016-17 and 2019-20. The company has indicated that it will address this notice by providing a robust defense in its response to the authorities. Importantly, there is no immediate expected impact on the company's financial operations or activities; any liabilities that may arise will be assessed in due course. This situation presents a neutral outlook for investors, with no significant risk foreseen at this time.