17-Aug-2026      21:19

Tiger Logistics receives RBI order for FEMA non-compliance, paying Rs 59,981 to resolve the matter

Tiger Logistics (India) Limited has received a Compounding Order from the Reserve Bank of India's (RBI) Foreign Exchange Department concerning a contravention under the Foreign Exchange Management Act, 1999 (FEMA), related to non-compliance with a post-disinvestment valuation reporting requirement. The RBI has compounded the contravention upon payment of Rs 59,981, with the company stating that the financial impact is limited to this amount and there is no material impact on its operations. The order was received on August 17, 2026, following a disclosure made on February 4, 2026.

News source: Capital Market - Live News