Regaal Resources fined ₹8 lakh by ROC for 2016 filing violation
- Regaal Resources received a ₹8,00,000 penalty from ROC Kolkata I
- Fine relates to missing valuation report in 2016 allotment filings
- Officers in default were separately penalized with ₹2,00,000
- Company states no material impact on financial operations
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Regaal Resources Ltd received a penalty order of ₹8,00,000 from the Registrar of Companies (ROC), Kolkata I. The fine stems from a violation of the Companies Act, 2013 related to allotment filings made in 2016.
The order was passed on October 14, 2026, following suo moto applications for adjudication of penalties under Section 454. The company disclosed this development to stock exchanges on October 15, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Nature of the Violation
The penalty was imposed for filing the Return of Allotment in Form PAS-3 without attaching the required valuation report. This contravened Section 450 of the Companies Act, 2013, read with Rule 12(7) of the Companies (Prospectus and Allotment of Securities) Rules, 2014.
The underlying issue dates back to August 22, 2016, when the Board resolved to issue 15,35,000 equity shares of ₹10 each on a private placement basis. While the price was determined based on a valuation report, the report was inadvertently omitted during the filing of allotments made on September 28, October 5, October 17, and October 21, 2016.
Penalty Breakdown
The adjudication authority imposed penalties on both the entity and the officers in default who were responsible during the respective periods.
| Particulars | Amount |
|---|---|
| Penalty imposed on Company | ₹8,00,000 |
| Penalty imposed on Officers in Default | ₹2,00,000 |
Impact on Operations
Regaal Resources stated that there is no material impact on its financial operations or other activities resulting from these orders. The disclosure was made as a matter of abundant caution and transparency. The company has not provided further details on whether it intends to challenge the order or pay the penalty immediately.
Historical Stock Returns for Regaal Resources
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.01% | +3.40% | +5.60% | +12.96% | +1.27% | -32.82% |
Will Regaal Resources Ltd appeal the penalty order or opt for immediate payment to resolve the compliance issue?
How might this enforcement action influence Regaal Resources' ability to secure future private placements or regulatory approvals?
Are there broader compliance audits underway for other filings by Regaal Resources dating back to 2016?
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