Ceenik Exports (India) Ltd has paid ₹5.10 lakh to settle a compounding fee levied by the Ministry of Corporate Affairs (MCA). This payment resolves a regulatory default regarding the non-appointment of a Company Secretary during specific financial years.

The final order was issued by the Office of the Regional Director, Western Region-I, Mumbai, under Section 441 of the Companies Act, 2013. The default pertained to non-compliance with Section 203 of the Act, which mandates the appointment of Key Management Personnel, specifically a Company Secretary.

Details of the Regulatory Default

The violation occurred during the period from September 18, 2016, to November 1, 2018. The company failed to appoint a Company Secretary during this timeframe, leading to regulatory scrutiny and subsequent compounding proceedings. The order was dated September 23, 2026, and received by the company on September 30, 2026.

Impact on Operations

The aggregate compounding fee of ₹5.10 lakh was fully paid by the company and its officers in default. Of this total amount, the company itself contributed ₹1.60 lakh. In its disclosure to the BSE, Ceenik Exports stated that there is no material impact on its business operations or financial stability resulting from this order.

What the Numbers Show

The total penalty of ₹5.10 lakh covers a two-year period of non-compliance (2016–2018), averaging approximately ₹2.55 lakh per year for the entire entity and its officers. The company’s direct contribution of ₹1.60 lakh represents roughly 31% of the total liability, indicating that the remaining burden was borne by individual officers in default. This allocation suggests a shared responsibility model for the governance lapse, though the absolute financial magnitude remains immaterial relative to typical corporate operational costs.

Ceenik Exports (India) Ltd has declared the voting results for its 32nd Annual General Meeting (AGM) held on September 24, 2026. All resolutions set out in the notice were duly passed with the requisite majority, confirming the adoption of FY26 financial statements and the reappointment of a director.

The meeting was conducted virtually via Video Conferencing and Other Audio-Visual Means, in compliance with the Companies Act, 2013 and SEBI regulations. Narain Nanik Hingorani, Chairman and Managing Director, presided over the session from the registered office in Mumbai. The scrutinizer's report and consolidated voting results were submitted to BSE Limited on September 25, 2026, pursuant to Regulation 44(3) of the SEBI LODR Regulations.

Key Agenda Items Approved

The shareholders considered and approved two ordinary business items set out in the notice convening the meeting. The resolutions covered the adoption of annual reports and the continuation of board leadership.

Voting Results Breakdown

The company provided a remote e-voting facility to members from September 21, 2026, to September 23, 2026. Votes cast during the live meeting were also recorded electronically. Dilip Swarnkar & Associates served as the scrutinizer to ensure a fair and transparent voting process. The cut-off date for entitlement to vote was September 17, 2026.

For both Item No. 1 (Financial Statements) and Item No. 2 (Director Reappointment), the voting pattern was identical. A total of 52 members voted, representing 31,89,168 shares. No votes were cast during the live AGM session itself; all participation occurred through remote e-voting.

Compliance and Scrutiny Details

The scrutinizer certified that the resolutions were passed by members with the requisite majority. The voting results, along with the scrutinizer's report, are available on the company's website at www.ceenikexports.in . The company confirmed that no items were lapsed, deferred, or withdrawn during the proceedings.

All agenda items were duly taken up for consideration. The combined voting results, including the scrutinizer's report, were scheduled for submission to BSE Limited within 48 hours of the meeting's conclusion, as mandated by Regulation 44(3) of the SEBI LODR Regulations.