Seemax Resources Limited has intimated the Bombay Stock Exchange Limited regarding the rejection of its compounding application filed with regulatory authorities.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereto.
Nature of the Event: Rejection of Compounding Application by competent authority
Details of Default: Violation of Section 185(1) of the Companies Act, 2013
Legal Framework: Compounding application was filed under Section 441 of the Companies Act, 2013
Authority Involved: Regional Director North Western Region
Order Date: 14th July, 2026
Current Status: The Company has received the rejection order and is examining its contents. The Company is evaluating appropriate legal remedies and next course of action, which may include filing an appeal or fresh application as legally advised.
Operational Impact: The company states that as of the disclosure date, there is no material impact on the operations of the Company from this rejection.
Future Action: The Company shall take appropriate legal recourse as advised by legal counsel.
The disclosure is signed by Amit Naldev Trivedi, Managing Director (DIN: 07061447) of Seemax Resources Limited.