Key Details of Adjudication Order

  • Order Received: August 25, 2026
  • Order Details: Order ID PO/ADJ/08-2026/GA/02729, dated August 24, 2026
  • Authority: Registrar of Companies, Goa, Ministry of Corporate Affairs
  • Legal Basis: Passed under Section 454 of the Companies Act, 2013

Penalty Imposed

  • Company Penalty: ₹3,00,000 (Three Lakh Rupees) on Zuari Agro Chemicals Limited
  • KMP Penalties: ₹50,000 (Fifty Thousand Rupees) each on four present and former Key Managerial Personnel

Nature of Violation

The matter relates to the Directors' Responsibility Statement forming part of the Board's Report for the financial year ended March 31, 2021. The Order records an alleged non-compliance with Section 134(3)(c) of the Companies Act, 2013 in respect of compliance with specified Indian Accounting Standards, read with Section 129(1) of the Companies Act, 2013.

Financial Impact Assessment

The company explicitly states: "There is no material financial or operational impact or other activities on the Company. The penalty on the Company is limited to Rs. 3,00,000."

Filing History and Procedural Update

The original disclosure was submitted in XBRL format on August 26, 2026 through BSE's single-filing system (NEAPS App. No: 2026/Aug/455808/27663 and BSE acknowledgment no. 2608261220389169361).

On August 31, 2026, the company identified that while the XBRL filing was successfully submitted and acknowledged by both NSE and BSE, the corresponding PDF intimation was not reflecting under the Corporate Announcements section of the exchange websites.

The company submitted the PDF disclosure separately on August 31, 2026, describing the delay as "inadvertent and limited to the PDF submission" while emphasizing that "the prescribed material particulars had already been submitted in XBRL along with the signed pdf on 26th August 2026."

The company stated this was a "procedural oversight" with "no intention to withhold or delay any material information."

Additional Information

The information has been made available on the company's website at www.zuari.in.