Atharva Poly-Plast Limited ratified a fine of ₹47,200 levied by the Bombay Stock Exchange (BSE) for the late submission of its financial results for the quarter and year ended March 31, 2026. The company attributed the delay to technical issues and operational challenges following its recent listing.

The Board of Directors reviewed the non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 during a meeting held on September 26, 2026. The exchange had issued communications on September 11 and September 15, 2026, regarding the delay and the subsequent penal action under the SEBI Master Circular.

Compliance Clarification

The Board stated that the delay was purely technical and unintentional, with no deliberate intent to disregard listing obligations. The company noted that it was newly listed in July 2026, and this initial post-listing period presented transitional operational challenges that led to the inadvertent lapse.

To prevent recurrence, the Board issued strict directives to the management to strengthen internal compliance monitoring mechanisms. These measures include ensuring seamless coordination among internal teams and external advisory professionals.

Payment Details

The ratified fine amount covers penalties inclusive of GST. The payment was executed via NEFT on September 18, 2026, prior to the Board's formal ratification.

The company requested the exchange to take the Board's comments and clarification on record for dissemination as required under the SEBI Standard Operating Procedure framework.

Atharva Poly-Plast Limited concluded its 13th Annual General Meeting on September 24, 2026, with both ordinary resolutions passing unanimously, receiving 100% votes in favour from all participating shareholders.

The meeting was held at 11:00 am through Video Conferencing, chaired by Managing Director Anujit Shivaji Darade. The company facilitated remote e-voting through National Securities Depository Limited from September 21 to September 23, 2026, with live e-voting also available during the meeting. The cut-off date for shareholder eligibility to vote was September 18, 2026. The AGM notice was dated September 1, 2026. Votes were unblocked on September 24, 2026, around 12:10 pm in the presence of two witnesses, Harshvardhan Chaturvedi and Rohit Upadhyay, who are not in employment of the company.

Agenda items addressed

The members considered and transacted two primary items of ordinary business:

• Adoption of financial statements: To receive, consider, and adopt the audited financial statements for the financial year ended March 31, 2026, along with the Board of Directors' report and Statutory Auditors' report.
• Director reappointment: To appoint a director in place of Ashish Shivaji Darade (DIN: 08237333), who retired by rotation and offered himself for re-appointment. He is the brother of Anujit Shivaji Darade, son of Shivaji Kisan Darade, and son of Sadhana Kisan Darade. His office shall remain liable to retirement by rotation.

Voting results

A total of 390 shareholders were on record as of the cut-off date. Out of 16,849,998 total shares, 11,916,125 votes were polled, representing 70.72% of outstanding shares. All votes cast were in favour, with zero votes against and no invalid votes recorded for either resolution. The detailed voting outcome for both resolutions is presented below.

Resolution 1: Adoption of financial statements

Resolution 2: Reappointment of Ashish Shivaji Darade as director

Category-wise vote distribution

The category-wise breakdown of votes polled across both resolutions is identical and summarised below:

Attendance and compliance

The meeting maintained the requisite quorum throughout its duration. A total of 10 shareholders attended via video conferencing — 7 from the Promoter and Promoter Group and 3 from the public category. No proxy attendance was recorded, as the meeting was held through VC/OAVM.

Prachi Bhartia of Prachi Bhartia & Associates, Company Secretaries, served as the scrutinizer to ensure a fair and transparent voting process. The consolidated scrutinizer's report confirmed that all resolutions were passed with the requisite majority. The voting results and scrutinizer's report have been made available on the company's website and on the NSDL e-voting website. The meeting concluded at 11:25 am, with the e-voting facility remaining open for an additional 15 minutes to accommodate last-minute votes.