Ceenik exports (India) Ltd has filed its quarterly compliance certificate with the BSE SME Platform, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, made on April 11, 2026, covers the quarter ended 31st March, 2026.

Regulatory Compliance Filing

The company submitted the mandatory certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Managing Director Narain Nanik Hingorani (DIN: 00275453) signed and filed the compliance document with BSE SME Platform.

Registrar Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited) provided the confirmation certificate dated April 1, 2026. The registrar confirmed compliance with dematerialisation processes during the quarter.

Key confirmations from the registrar include:

• Securities received from depository participants for dematerialisation were properly confirmed to depositories
• All security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members within prescribed timelines
• Securities comprised in certificates have been listed on relevant stock exchanges

Company Information

Ceenik Exports (India) Ltd operates as manufacturers and exporters of fashion garments with additional realty and investment activities. The company maintains its registered office at 5th Floor, 14-B Jeevan Satyakam, Dr. B.R. Ambedkar Road, Pali Hills, Bandra (West), Mumbai - 400050.

The filing represents routine quarterly compliance with SEBI depositories regulations, ensuring transparency in the company's dematerialisation processes and maintaining regulatory adherence for its BSE SME Platform listing.

Ceenik Exports (India) Limited has received a Final Order from the Regional Director (Western Region), Ministry of Corporate Affairs, under Section 441 of the Companies Act, 2013, marking the conclusion of regulatory proceedings that began with an Interim Order addressing non-compliance issues spanning three financial years from 2015-16 to 2017-18.

Final Order and Penalty Payment

The company has paid a total penalty amount of ₹4.25 lakh as levied under the Final Order for compounding defaults under Section 139 of the Companies Act, 2013. The non-compliance specifically related to the appointment and ratification of statutory auditors during the mentioned financial years, where the company appointed statutory auditors for one year instead of the required five-year term.

Nature of Compliance Violation

The regulatory action centered on the company's failure to file Form ADT-1 for the appointment of statutory auditors for the mandatory five-year period under Section 139 of the Companies Act, 2013. Instead, the company had appointed statutory auditors for only one year during the financial years 2015-16 to 2017-18, constituting a significant procedural violation.

Regulatory Process and Timeline

The company received the Final Order on December 27, 2024. However, due to corrections required in the order, Ceenik Exports approached the Regional Director's office to obtain an updated order copy. Following their direction, the company filed a request letter with the RD office for the corrected documentation.

Impact Assessment

According to the company's disclosure, the penalty payment of ₹1.50 lakh to the Ministry of Corporate Affairs represents the financial impact of the non-compliance. The company has stated that there is no material impact on business operations or other aspects of the company's functioning. Managing Director Narain Nanik Hingorani has overseen the company's response to the regulatory proceedings throughout this process.

Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing detailed information about the Final Order and its implications. This transparency demonstrates the company's commitment to keeping stakeholders informed about regulatory developments that could affect its operations.