Key Dates

  • Board decision date: March 20, 2026 (previously intimated)
  • Special resolution passed: April 22, 2026
  • Hearing dates: August 20, 2026 and September 15, 2026
  • Regional Director order date: October 15, 2026
  • Company receipt date: October 19, 2026

Parties Involved

Applicant: Kisan Mouldings Limited

Objecting Creditors:

  • Akshar Extrusions PVT. LTD.
  • Amardeep Plastics
  • Ambaco Chemicals and Life Sciences (P) LTD.
  • Inter Pack
  • Platinum Industries Limited

Regulatory Authorities:

  • Regional Director (Western Region-1), Ministry of Corporate Affairs, Mumbai
  • Registrar of Companies, Mumbai-I

Proceedings and Objections

The company faced objections from five creditors regarding unpaid dues. Hearings were conducted on August 20, 2026 and September 15, 2026. The objectors did not appear for the September 15, 2026 hearing and did not submit any court orders or legal action documentation for recovery of dues.

The company submitted written submissions dated September 2, 2026, affirming that creditors would retain legal remedy options in Maharashtra even after the office shift to Delhi.

Regulatory Assessment

The Registrar of Companies, Mumbai-I report dated July 13, 2026 confirmed that no complaints, inquiries, inspections, investigations, or prosecutions are pending against the company. The 3i cell of the directorate also provided a No Objection Certificate.

Approval Conditions

The Regional Director's approval is subject to the following conditions:

1. No adverse impact on employees working at the registered office either by transfer, retrenchment, or otherwise

2. No jurisdictional change in legal proceedings pending against the company as of the order date

3. The company shall not seek to change/alter/scrap jurisdiction of High Court, NCLT, DRT, or any court where present litigations/appeals/complaints are pending

4. The company shall pay creditors all dues along with interest

Memorandum of Association Change

The alteration confirms that the Registered Office of the company shall be situated in the National Capital Territory of Delhi, replacing the previous Maharashtra location.

Financial Impact

Financial impact not quantified in the disclosure. The approval primarily involves administrative and jurisdictional changes with conditions regarding creditor dues and employee protection.