SGRC – Sagar Cements Ltd
Sagar Cements Ltd is not Shariah Compliant because it fails the financial ratios.
Result: Not Compliant
GLOS – Globus Spirits Ltd
Globus Spirits Ltd is not Shariah Compliant because of its involvement in Distillers & Wineries (NEC) and related activities.
UTKR – Utkarsh Small Finance Bank Ltd
Utkarsh Small Finance Bank Ltd is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.
BGRE – BGR Energy Systems Ltd
BGR Energy Systems Ltd is not Shariah Compliant because it fails the financial ratios.
APEJ – Apeejay Surrendra Park Hotels Ltd
Apeejay Surrendra Park Hotels Ltd is not Shariah Compliant because of its involvement in Hotels, Motels & Cruise Lines (NEC) and related activities.
BRIA – Brigade Hotel Ventures Ltd
Brigade Hotel Ventures Ltd is not Shariah Compliant because of its involvement in Hotels, Motels & Cruise Lines (NEC) and related activities.
TFCI – Tourism Finance Corporation of India Ltd
Tourism Finance Corporation of India Ltd is not Shariah Compliant because of its involvement in Consumer Lending (NEC) and related activities.
JAIR – Jain Irrigation Systems Ltd
Jain Irrigation Systems Ltd is not Shariah Compliant because it fails the financial ratios.
MUTO – Muthoot Microfin Ltd
Muthoot Microfin Ltd is not Shariah Compliant because of its involvement in Microfinancing and related activities.
CITP – City Pulse Multiventures Ltd
City Pulse Multiventures Ltd is not Shariah Compliant because of its involvement in Movie Theaters & Movie Products and related activities.