Regaal Resources Limited has made a disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III.

The company received Order(s) dated October 05, 2026, from the Registrar of Companies, Kolkata, in response to suo moto applications for Adjudication of Penalties under Section 454 of the Companies Act, 2013.

Details of Violations and Penalties Imposed

The disclosure outlines three specific violations with corresponding penalties:

1. Delay in constitution of Audit Committee: Violation of Section 177 of Companies Act, 2013. The Audit Committee was required to be constituted by June 29, 2022, but was only formed on May 23, 2023, resulting in a non-compliance period from June 30, 2022, to May 22, 2023.

  • Penalty on Company: ₹5,00,000
  • Penalty on Officers in Default: ₹4,00,000

2. Delay in constitution of Nomination and Remuneration Committee (NRC): Violation of Section 178 of Companies Act, 2013. The NRC was required to be constituted by June 29, 2022, but was only formed on July 17, 2023, resulting in a non-compliance period from June 30, 2022, to July 16, 2023.

  • Penalty on Company: ₹5,00,000
  • Penalty on Officers in Default: ₹4,00,000

3. Issue of shares in Physical mode and dematerialization delay: Violation of Section 450 of the Companies Act, 2013, read with Rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014. The company allotted 435,000 equity shares (face value ₹10 each) to a promoter in physical mode on June 07, 2022. These shares were credited in demat form on September 22, 2022, after a delay of 107 days.

  • Penalty on Company: ₹1,17,000
  • Penalty on Officers in Default: ₹1,50,000

Total Penalties

  • Total Penalty on Company: ₹11,17,000
  • Total Penalty on Officers in Default: ₹9,50,000

Impact Assessment

The company has explicitly stated that "There is no material impact on financial operations or other activities of the Company on account of these orders."

The disclosure is signed by Tinku Kumar Gupta, Company Secretary & Compliance Officer, and is filed as a matter of "abundant caution and transparency."