HSIL – H S India Ltd

H S India Ltd is not Shariah Compliant because of its involvement in Hotels, Motels & Cruise Lines (NEC) and related activities.

MARG – Marg Ltd

Marg Ltd is not Shariah Compliant because it fails the financial ratios.

GRAD – Gradiente Infotainment Ltd

Gradiente Infotainment Ltd is not Shariah Compliant because of its involvement in Movie, TV Production & Distribution and related activities.