Not Compliant – Page 408

PNCI – PNC Infratech Ltd

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

Jayaswal Neco Industries Ltd is not Shariah Compliant because it fails the financial ratios.

Mahindra Holidays and Resorts India Ltd is not Shariah Compliant because of its involvement in Resort Operators and related activities.

Shrem InvIT is not Shariah Compliant because it fails the financial ratios.

Network18 Media & Investments Ltd is not Shariah Compliant because it fails the financial ratios.

Tips Music Ltd is not Shariah Compliant because of its involvement in Entertainment Production (NEC) and related activities.

CSB Bank Ltd is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

Equitas Small Finance Bank Ltd is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

Maple Infrastructure Trust is not Shariah Compliant because of its involvement in Other Financial Vehicles and related activities.

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