Harikanta Overseas paid a ₹17,700 penalty to the Bombay Stock Exchange for submitting its FY26 annual financial results three days past the deadline.

The company listed on the BSE SME Platform on June 2, 2026. The filing for the year ended March 31, 2026 was due on June 23, 2026 but was uploaded on June 26, 2026. This delay triggered a violation of Regulation 33 of the SEBI Listing Regulations.

Compliance Details

The base fine was ₹15,000. With an 18% GST charge of ₹2,700, the total payable amount reached ₹17,700. Harikanta Overseas remitted the full amount on August 4, 2026.

Board Response

The board attributed the lapse to procedural transitions following its recent listing. It stated there was no intent to withhold disclosures from investors or the exchange.

Management has since strengthened internal compliance calendars to prevent future delays. The audited results have been fully approved and uploaded to the BSE Listing Centre portal.

Harikanta Overseas Limited announced that M/s. A.H. Jain & Co., Chartered Accountants, has resigned as its statutory auditor. The resignation becomes effective after the close of business hours on August 20, 2026.

The firm cited pre-occupation with other professional commitments as the primary reason for discontinuing its role. A.H. Jain & Co. was originally appointed at the company’s seventh annual general meeting held on September 30, 2025, for a five-year term extending until the conclusion of the twelfth AGM in calendar year 2030.

Audit Status and Compliance

The auditors confirmed that they have completed all pending assignments under applicable SEBI regulations. The latest Independent Auditors’ Report for the financial year ended March 31, 2026, was issued on June 26, 2026. The firm stated there are no outstanding audit or limited review requirements prior to the effective date of resignation.

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Harikanta Overseas disclosed the details to the BSE Limited. The company’s Managing Director, Hardik Gotawala, signed the intimation letter.

Auditor Declaration

A.H. Jain & Co. provided a detailed declaration alongside the resignation letter, addressing key compliance metrics:

The auditors explicitly confirmed that the resignation is not due to any disagreement with management or the Board on matters of accounting, financial reporting, or disclosures. They also affirmed that they were not denied access to any information necessary for the audit process.

Harikanta Overseas will now need to appoint a new statutory auditor to ensure continuity in compliance with listing obligations and corporate governance standards.