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NSE · Source: NSE
| Party | Matter | Amount | Status | Pages |
|---|---|---|---|---|
| Purple Style Labs Limited | Four tax proceedings and four statutory or regulatory proceedings are disclosed against the Company in aggregate. | ₹14.99 million aggregate amount involved, to the extent quantifiable | Outstanding as of the DRHP date | 20, 348 |
| Purple Style Labs Limited, Abhishek Agarwal and Abhinav Agarwal | Adjudication application for contravention of Section 42 relating to a January 17, 2020 private placement. Disclosures include premature offer letter, 18-day delay in PAS-3, no separate bank account and use of funds before PAS-3 filing. | Underlying private placement consideration ₹5.02 million; penalty amount not stated | Pending with the RoC | 348 |
| Purple Style Labs Limited | Three Legal Metrology matters alleging non-compliance with mandatory e-commerce declarations including manufacturer or packer details, MRP, size or country of origin. The Company submitted responses disputing or addressing the allegations. | — | Pending; the Company states it had received no further communication after its responses | 348 |
| Subsidiaries | Two tax and three statutory or regulatory proceedings are disclosed against subsidiaries. Separately, PSL Retail has filed nine criminal proceedings largely relating to alleged thefts from Experience Centers. | ₹38.28 million aggregate against subsidiaries; ₹1.39 million aggregate for proceedings by subsidiaries | Outstanding as of the DRHP date | 20, 351, 352 |
| Non-Executive and Independent Directors | Four criminal, four tax and four material civil matters are disclosed against Directors; the DRHP says the 12 matters relate to their association with other companies in various capacities. | ₹760.30 million aggregate amount involved, to the extent quantifiable | Outstanding; individual matters include pending criminal and insolvency-related proceedings | 20, 349, 350 |
| Item | Amount | Pages |
|---|---|---|
| Claims against the Company not acknowledged as debt; income-tax demand for assessment year 2022-23 relating to certain disallowance. The Company filed an appeal and deposited 20% of the demand under protest; matter pending before CIT Appeals. | ₹8.80 million | 21 |