Authority Details
- Name: Reserve Bank of India, Foreign Exchange Department, Mumbai Regional Office
- Date of Order Receipt: October 27, 2026
Violation Details
The contravention relates to non-submission and registration of bonus shares allotted on September 10, 2007 to non-resident/foreign shareholders under the applicable provisions of the Foreign Exchange Management Act, 1999 and rules and regulations made thereunder.
Action Taken
The company submitted a suo-motto compounding application to RBI. RBI has compounded the contravention upon payment of compounding fee of ₹35,93,334/-.
Financial Impact
As per the disclosure, there is no material impact on the financials, operations or other activities of the Company.