Tuesday, Nov 10, 2026

"cigniti-technologies-limited"

RBI compounds FEMA violations of Sai Rayalaseema Paper Mills

The Reserve Bank of India (RBI) has issued compounding orders under Section 15 of FEMA against Sai Rayalaseema Paper Mills, Cigniti Technologies, and ZIFY Tech Solutions, allowing them to settle violations with one-time payments.

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