Regaal Resources Limited has received penalty orders from the Registrar of Companies, Kolkata I, dated October 14, 2026, pursuant to suo moto applications for adjudication of penalties under Section 454 of the Companies Act, 2013.
The orders pertain to violations of Section 450 of the Companies Act, 2013 read with Rule 12(7) of the Companies (Prospectus and Allotment of Securities) Rules, 2014. Specifically, the company filed Return of Allotment in Form PAS-3 without attaching the required valuation report.
Quantitative Figures
- Penalty imposed on Company: ₹8,00,000
- Penalty imposed on officers in default: ₹2,00,000
- Total penalty amount: ₹10,00,000
Details of Violation
The violation relates to private placement allotments made in 2016. The Board of Directors had resolved on August 22, 2016 to issue 15,35,000 equity shares of ₹10 each on a private placement basis, subject to shareholder approval, at a price determined based on a valuation report. However, the valuation report was inadvertently not attached when filing Form PAS-3 for allotments made on September 28, 2016, October 5, 2016, October 17, 2016, and October 21, 2016.
Impact Assessment
The company explicitly states that "there is no material impact on financial operations or other activities of the Company on account of these orders."
Disclosure Context
The disclosure is made as a matter of "abundant caution and transparency" following receipt of the orders on October 14, 2026.
#Tags: #RegaalResources #ROC #SEBIDisclosure #RegulatoryCompliance #Penalty #Neutral