Not Compliant – Page 376

SUBO – Suba Hotels Ltd

Suba Hotels Ltd is not Shariah Compliant because of its involvement in Hotels & Motels and related activities.

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

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

TechEra Engineering (India) Ltd is not Shariah Compliant because of its involvement in Aerospace & Defense (NEC) and related activities.

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

Genus Paper & Boards Ltd is not Shariah Compliant because it fails the financial ratios.

Mangal Credit and Fincorp Ltd is not Shariah Compliant because of its involvement in Consumer Lending (NEC) and related activities.

Sakthi Finance Ltd is not Shariah Compliant because of its involvement in Sales Financing and related activities.

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

IL&FS Engineering and Construction Company Ltd is not Shariah Compliant because it fails the financial ratios.