Orders Received
The company received four separate adjudication orders dated September 7, 2026, from the Registrar of Companies, Ahmedabad, under Section 454 of the Companies Act, 2013:
Order 1 (PO/ADJ/09-2026/AD/02871)
- Violation: Section 42(6) and 42(8) read with Section 42(10) of Companies Act, 2013
- Penalty: ₹2,00,00,000 each on the Company and its officers-in-default
Order 2 (PO/ADJ/09-2026/AD/02868)
- Violation: Section 12(3)(c) of Companies Act, 2013
- Penalty: ₹1,00,000 each on the Company and its officers-in-default
Order 3 (PO/ADJ/09-2026/AD/02870)
- Violation: Section 42(6) of Companies Act, 2013, rendering company and officers liable under Section 42(9)
- Penalty: ₹3,34,000 each on the Company and its officers-in-default
Order 4 (PO/ADJ/09-2026/AD/02869)
- Violation: Section 117(2) of Companies Act, 2013
- Penalty: ₹1,47,100 on the Company and ₹50,000 each to its officers-in-default
Total Financial Impact
The cumulative penalty amount across all four orders is ₹2,05,81,100 (approximately ₹2.06 crore) on the company component alone, with additional penalties on officers-in-default.
Company Response and Status
- The company is currently reviewing the orders
- The company is in the process of filing an appeal against the orders before Higher Appellate Authorities
- The disclosure is made as a matter of abundant caution and transparency
Mitigating Factors
- The adjudication was initiated via a suo-moto application filed by the Company itself to rectify the error
- The Company demonstrated no ignorance or intentional default in its application
- The Company falls under the MSME category across all three relevant financial years
- The Company claims entitlement to applicable statutory benefits and relief as an MSME
- The Company states that MSME benefits were not considered in the maximum penalty imposition