Marushika Technology Limited Pays Penalty for Filing Non-Compliance
Marushika Technology Limited paid a penalty of Rs. 53,400 to the Registrar of Companies, Delhi I, for non-compliance with Section 137(3) of the Companies Act, 2013. The violation involved filing the wrong form (AOC-4 instead of AOC-4 CFS) for FY 2023-24 and missing the filing deadline. Penalties were also imposed on two officers, Ms. Sonika Aggarwal and Ms. Monicca Agarwaal.
*this image is generated using AI for illustrative purposes only.
Marushika Technology Limited has informed the National Stock Exchange of India Limited that it has paid a penalty following an adjudication order passed by the Registrar of Companies (ROC), Delhi I. The order, dated May 08, 2026, was issued under Section 454 of the Companies Act, 2013, addressing defaults related to Section 137(3) of the same Act.
The company had previously received a Show Cause Notice from the ROC Delhi I on April 23, 2026. In response, Marushika Technology filed a reply on April 28, 2026, accepting the non-compliance. The management stated that the default occurred due to an inadvertent oversight and requested leniency, noting that the violation was unintentional. They also requested a physical hearing on May 04, 2026; however, the competent authority determined that a hearing was not necessary.
Details of the Violation
The specific violation identified by the authorities concerns the filing requirements for the financial year 2023-24. The company was required to file Form AOC-4 CFS under Section 137 of the Companies Act, 2013. Instead, Marushika Technology filed Form AOC-4, bearing SRN N07262520 dated October 25, 2024. Furthermore, the company failed to file the requisite Form AOC-4 CFS within the prescribed time limit of 30 days from the date of the Annual General Meeting (AGM) held on September 25, 2024.
Penalty and Financial Impact
Pursuant to the adjudication order, a monetary penalty was imposed on the company and its officers in default. The company has reviewed the order and confirmed that the penalty has been paid.
| Authority | Registrar of Companies, ROC Delhi I |
|---|---|
| Order ID | PO/ADJ/05-2026/DL/02103 |
| Date of Order | 08 May, 2026 |
| Penalty on Company | Rs. 53,400 |
| Penalty on Officers | Rs. 50,000 each (Ms. Sonika Aggarwal, Director and Ms. Monicca Agarwaal, Managing Director) |
| Total Impact | Rs. 53,400 (Rupees Fifty-Three Thousand and Four Hundred) |
The disclosure was made to the exchange in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the requisite disclosure, including the details of the adjudication order, was enclosed as Annexure A to the letter sent to the exchange.
Historical Stock Returns for Marushika Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.61% | -4.26% | -7.15% | -20.22% | -20.22% | -20.22% |
Will Marushika Technology implement stronger internal compliance mechanisms to prevent similar filing oversights in future financial years?
Could this regulatory penalty impact investor confidence or the company's stock performance on the NSE in the near term?
Are there any broader implications for the directors personally, such as disqualification risks or reputational impact, following the individual penalties imposed on Ms. Sonika Aggarwal and Ms. Monicca Agarwaal?
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