Ajanta Soya Limited has received a customs order imposing significant financial penalties related to imported goods and the utilization of scrips under the Merchandise Exports from India Scheme (MEIS). The company disclosed this development to BSE Limited on March 13, 2026, in compliance with regulatory requirements.

Customs Order Details

The Office of the Principal Commissioner of Customs, Ahmedabad issued the order on March 12, 2026, targeting certain imported goods of the company. The order specifically addresses the utilization of scrips issued under the Merchandise Exports from India Scheme (MEIS).

The redemption fine of ₹31,00,000 has been imposed under Section 125 of the Customs Act, 1962, while the penalty of ₹2,70,000 falls under Section 112(a)(ii) of the same Act.

Company's Response Strategy

Ajanta Soya Limited is actively reviewing the customs order and evaluating appropriate legal remedies available under applicable laws. The company has outlined a clear course of action to challenge the order through proper legal channels.

The company plans to file an appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench, seeking appropriate relief. This appeal will be submitted within the prescribed statutory time limit to ensure compliance with procedural requirements.

Financial and Operational Impact

According to the company's assessment, there is currently no material impact on its financial, operational, or other activities. The company stated it is in the process of reviewing the order and evaluating appropriate legal remedies.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the regulations, including the nature of the action, date of receipt, violation details, and potential impact assessment.

The company emphasized its commitment to transparency by promptly informing stakeholders about this regulatory development and its planned response strategy.

Ajanta soya Limited has announced the resignation of Mr. Pramod Kumar, Accounts Manager and Senior Management Personnel (SMP), in compliance with regulatory disclosure requirements. The resignation became effective from the close of business hours on February 17, 2026.

Resignation Details

Mr. Pramod Kumar submitted his resignation letter on February 5, 2026, citing personal reasons for his departure. The resignation letter indicated his intention to step down from his position as Manager-Finance, with his last working day initially scheduled for March 5, 2026.

Regulatory Compliance

The company has fulfilled its obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to BSE Limited on February 18, 2026, along with the required annexure containing detailed information about the personnel change.

Final Settlement

According to the resignation documentation, the departure was mutually agreed upon between the company and Mr. Pramod Kumar. The employee expressed gratitude to the company for cooperation during his tenure and requested the forwarding of final settlement and handover processes. The company's HR department accepted the resignation and confirmed the relief date as February 17, 2026.

Corporate Communication

The formal communication to BSE was signed by Kapil, Company Secretary & Compliance Officer, ensuring proper regulatory disclosure. The company provided comprehensive documentation including the original resignation letter and detailed annexure as required by SEBI regulations for senior management personnel changes.