NCLT directs Fraxinelle Pharmaceuticals to hold overdue AGMs for FY 2022-23 to 2025-26 within 45 days.
Company fined ₹1 lakh plus potential daily ₹5,000 penalty for AGM non-compliance under Companies Act 2013.
Company cited financial distress and staff exodus due to GST/tax policies as reason for AGM delays.