SULA – Sula Vineyards Ltd
Sula Vineyards Ltd is not Shariah Compliant because of its involvement in Wineries and related activities.
Result: Not Compliant
HAFI – Haryana Financial Corp
Haryana Financial Corp is not Shariah Compliant because of its involvement in Commercial Loans and related activities.
MOBA – Mobavenue Ai Tech Ltd
Mobavenue Ai Tech Ltd is not Shariah Compliant because of its involvement in Advertising Agencies and related activities.
SIKA – Sika Interplant Systems Ltd
Sika Interplant Systems Ltd is not Shariah Compliant because of its involvement in Aerospace & Defense (NEC) and related activities.
MUKA – Mukand Ltd
Mukand Ltd is not Shariah Compliant because it fails the financial ratios.
GEOJ – Geojit Financial Services Ltd
Geojit Financial Services Ltd is not Shariah Compliant because of its involvement in Brokerage Services and related activities.
RAMD – Rane (Madras) Ltd
Rane (Madras) Ltd is not Shariah Compliant because it fails the financial ratios.
ORHT – Oriental Hotels Ltd
Oriental Hotels Ltd is not Shariah Compliant because of its involvement in Hotels & Motels and related activities.
SPAD – Spandana Sphoorty Financial Ltd
Spandana Sphoorty Financial Ltd is not Shariah Compliant because of its involvement in Microfinancing and related activities.
BAAZ – Baazar Style Retail Ltd
Baazar Style Retail Ltd is not Shariah Compliant because it fails the financial ratios.