Ceenik Exports fined ₹1.6 lakh by MCA for non-appointment of CS

Ceenik Exports (India) Limited has been penalised ₹1,60,000 by the Ministry of Corporate Affairs for regulatory non-compliance regarding the appointment of a Company Secretary. The Regional Director, Western Region, Mumbai, issued an interim order under Section 441 of the Companies Act, 2013, citing defaults under Section 203.

The violation pertains to the period between September 18, 2016, and August 20, 2019, during which the company did not maintain the required statutory appointment. The company received the interim order on August 17, 2026.

Regulatory Details

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key details of the order are outlined below:

Particulars	Details
Authority	Regional Director, Western Region, Mumbai
Nature of Order	Interim Order under Section 441 of Companies Act, 2013
Violation	Non-appointment of Company Secretary
Period of Default	September 18, 2016 to August 20, 2019
Penalty Imposed	₹1,60,000
Date of Receipt	August 17, 2026

Operational Impact

Ceenik Exports stated that the penalty does not have a material impact on its business operations, management, or continuity. The company affirmed it will keep stock exchanges informed of any further material developments in this matter.

What the Numbers Show

The financial impact is limited to the ₹1,60,000 penalty, which represents a discrete compliance cost rather than an operational deficit. With the company explicitly stating no material impact on business continuity, the finding appears contained to statutory regularisation rather than indicating broader governance failures affecting current operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.54%	-7.75%	+24.04%	-22.64%	-43.68%	+4,998.04%

Ceenik Exports (India) Limited reported unaudited financial results for the quarter ended June 30, 2026, disclosing a net profit after tax of ₹35.06 lakh. This represents an increase from the net profit of ₹32.13 lakh recorded in the same quarter of the previous fiscal year. Total income from operations for the current quarter reached ₹708.07 lakh, up from ₹444.48 lakh in the corresponding period last year.

The disclosure was made pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published its unaudited financial results in the English newspaper Active Times and the vernacular newspaper Mumbai Lakshadeep on August 08, 2026. Managing Director Narain Nanik Hingorani signed the communication submitted to the BSE Listing Department.

Financial Performance Highlights

The following table outlines the key financial metrics for Ceenik Exports (India) Limited for the quarter ended June 30, 2026, compared to the prior year:

Particulars	Q1 FY26 (₹ in Lakhs)	Q1 FY25 (₹ in Lakhs)
Total Income from Operations	708.07	444.48
Net Profit After Tax	35.06	32.13
Equity Share Capital	237.75	237.75

The company’s equity share capital remained unchanged at ₹237.75 lakh. The net profit before tax and exceptional items was ₹45.88 lakh for the current quarter, compared to ₹42.94 lakh in the previous year. Total comprehensive income for the period matched the net profit after tax at ₹35.06 lakh.

Regulatory Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The limited review required under Regulation 33 of the SEBI (LODR) Regulations, 2015, has been completed by the company’s auditors. The full format of the quarterly financial results is available on the stock exchange websites and the company’s official website.