Adarsh Plant Protect Limited has settled penalties imposed by BSE Limited amounting to ₹79,060 for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fines address lapses in disclosing related party transactions and procedural issues regarding the appointment of a director above the age of 75. The company paid the amounts to ensure compliance with regulatory requirements.

The first penalty of ₹5,900 was levied for non-compliance with Regulation 23(9) of the SEBI LODR Regulations. This regulation mandates the disclosure of related party transactions in a specified format and within a prescribed timeline. The company received the order on June 30, 2026, and paid the fine, including 18% GST, on July 3, 2026.

A second, more significant penalty of ₹73,160 was imposed for non-compliance with Regulation 17(1A) of the SEBI LODR Regulations. This violation pertained to the failure to pass a special resolution for the continuation of a director's appointment who had crossed the 75-year age limit during the quarter ended September 2024. The company received this communication on February 19, 2026.

Regarding the second violation, Adarsh Plant Protect Limited stated it had filed for a waiver against the penalty, citing compliance with the regulation and submitting relevant documents. Following a telephonic conversation with BSE officials, the company re-submitted the requisite documents via email on February 24, 2026. However, the company proceeded to pay the penalty amount, including 18% GST, on May 7, 2026, without waiting for further communication on its waiver application.

The disclosures were made by Ms. Dhvani Shah, Company Secretary and Compliance Officer, under Regulation 30 of the SEBI LODR Regulations. The intimation is available on the company's website.

Details of Regulatory Penalties

Adarsh Plant Protect Limited returned to profitability in the fourth quarter of FY26, posting a net profit of ₹6.35 lakh. This turnaround contrasts with the net loss of ₹127.66 lakh recorded in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹318.88 lakh, while total revenue was ₹319.09 lakh. The company’s board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

For the full financial year ended March 31, 2026, the company narrowed its net loss to ₹2.38 lakh, a substantial improvement compared to the net loss of ₹116.02 lakh in FY25. Annual revenue from operations declined to ₹1,203.73 lakh from ₹1,749.70 lakh in the previous year. Total comprehensive income for the year was a negative ₹1.98 lakh, compared to a negative ₹115.58 lakh in the prior year.

The statutory auditors, Mukund & Rohit, Chartered Accountants, issued an audit report with an unmodified opinion on the standalone financial results. However, the auditors drew attention to an emphasis of matter regarding the applicability of the New Labour Codes, including the Code on Wages, 2019, and the Industrial Relations Code, 2020. The company stated it has not assessed or quantified the consequential impact of these codes, and consequently, no provision or liability has been recognised in the financial statements.

The company’s balance sheet as of March 31, 2026, showed total assets of ₹848.87 lakh, a decrease from ₹875.67 lakh in the previous year. Equity stood at ₹28.63 lakh, down from ₹30.60 lakh. Borrowings, including non-current and current liabilities, totaled ₹538.51 lakh. Cash and cash equivalents improved to ₹15.29 lakh as of March 31, 2026, from ₹10.10 lakh a year earlier.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its audited financial results for the quarter and year ended March 31, 2026, in Western Times (English and Gujarati Edition) on May 30, 2026. The results are also available on the company’s website.

Financial Performance Summary