Ravinder Heights Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company submitted the compliance certificate under Regulation 74(5) of SEBI regulations to both BSE Limited and National Stock Exchange of India Limited on April 09, 2026. Company Secretary and Compliance Officer Vertika, holding membership number A74813, signed and filed the certificate on behalf of the company.

Certificate Confirmation

Skyline Financial Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated April 01, 2026. The certificate confirms that no physical share certificates were received for dematerialization of equity shares during the quarter ended March 31, 2026.

Parveen Sharma, Authorised Signatory of Skyline Financial Services Private Limited, signed the confirmation certificate. The RTA confirmed compliance with SEBI regulations regarding the handling of physical share certificates for dematerialization purposes.

Company Information

Ravinder Heights Limited operates with CIN L70109PB2019PLC049331 and maintains its registered office at 7th Floor, DCM Building, 16, Barakhamba Road, New Delhi 110001. The company's shares are listed on both major Indian stock exchanges under different identifiers.

The filing demonstrates the company's adherence to regulatory requirements and maintains transparency with stakeholders regarding share transfer and dematerialization processes during the quarter.

Ravinder Heights Ltd has paid fines totaling Rs 1.38 lakh to both the National Stock Exchange of India Limited (NSE) and BSE Limited for alleged non-compliance with independent director appointment regulations. The company paid Rs 69,120 each to both exchanges on March 05, 2026, after TDS deduction, while maintaining that it fully complied with all regulatory requirements under Regulation 17(1A) of the SEBI Listing Regulations.

Fine Payment Details

The stock exchanges had imposed identical fines on the company for the alleged regulatory breach, which the company has now settled:

Director Appointment Timeline and Compliance

The regulatory action centers around the appointment of Mr. Chander Mohan Mehra as Additional Director (Non-Executive Independent Director). The company's Board of Directors approved his appointment on November 12, 2025, based on the Nomination and Remuneration Committee's recommendation, subject to shareholders' approval.

Ravinder Heights simultaneously initiated the postal ballot process on the same date to obtain the requisite shareholder approval. The special resolution was passed by shareholders with the required majority on December 14, 2025, making the appointment effective from November 12, 2025 for a five-year term. The e-voting window remained open from November 15, 2025 to December 14, 2025.

Company's Defense and Regulatory Position

The company has strongly contested the fine, maintaining full compliance with SEBI regulations. Ravinder Heights argues that Regulation 17(1A) should be read harmoniously with Regulation 17(1C), which permits shareholder approval within three months of appointment or at the next general meeting, whichever is earlier.

Key points in the company's defense include:

• The postal ballot and remote e-voting process was conducted in strict compliance with applicable regulations
• All requisite filings and disclosures were made with the Registrar of Companies and stock exchanges
• The appointment was regularized within the prescribed statutory timeline
• The regulatory framework does not mandate prior shareholders' approval but permits approval within defined timelines

Financial Impact and Compliance Commitment

The company has assessed that the imposed fines will have no material impact on its financial, operational, or other business activities. This disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations and related SEBI circular dated July 13, 2023.

Despite paying the fine, Ravinder Heights has reiterated its commitment to ensuring strict compliance with regulatory requirements in a time-bound manner. The company disclosed this payment information to the stock exchanges as required under regulatory obligations.