BMW Ventures Limited has informed the stock exchanges that the Registrar of Companies (ROC) has passed an adjudication order imposing a penalty on the company. The order, dated May 22, 2026, penalizes the entity for violations related to the timely appointment of key managerial personnel under Section 203 of the Companies Act, 2013.

Details of the Violation

The ROC identified that the company failed to comply with provisions requiring the timely appointment of a Company Secretary and a Chief Financial Officer. Specifically, the company's paid-up share capital exceeded ₹10 crore on November 4, 2016, necessitating the appointment of a whole-time Company Secretary and Chief Financial Officer. While the company appointed these officials on August 1, 2017, the adjudication order noted a delay in compliance for the period between May 4, 2017, and July 31, 2017.

Penalty Breakdown

The adjudication order imposes a total monetary penalty of ₹10,00,000 on the company and its directors. The breakdown of the penalties levied on the company and its officers is detailed in the table below.

Company Response

In its regulatory filing, BMW Ventures stated that the penalty does not have a material impact on its financial or operational activities, other than the monetary outflow required to settle the fine. The company further confirmed that it is taking necessary steps to ensure full compliance with applicable provisions to prevent the recurrence of such violations.

BMW Ventures Limited has filed its quarterly compliance certificate with BSE and NSE for the quarter ended March 31, 2026, fulfilling regulatory obligations under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The company submitted the mandatory certificate under Regulation 74(5) of SEBI regulations on April 08, 2026. Company Secretary and Compliance Officer Ruchika Maheshwari Kejriwal signed the submission, confirming receipt of the required certificate from the company's registrar.

Registrar Confirmation

Cameo Corporate Services Limited, serving as the company's Registrar and Share Transfer Agent, issued the certificate on April 01, 2026. The registrar confirmed that securities received from depository participants for dematerialization during Q4 FY26 were properly processed and confirmed to the depositories.

The certificate validates several key compliance aspects:

• Securities received for dematerialization were confirmed to depositories
• Share certificates were mutilated and cancelled after verification
• Depository names were substituted in the register of members within stipulated time limits
• Securities are listed on stock exchanges where previously issued securities are traded

Corporate Information

BMW Ventures Limited operates from its registered office at 1st Floor, Mona Cinema Complex, East Gandhi Maidan, Patna-800004. The company maintains its corporate identification number L25111BR1994PLC006131 and can be contacted through multiple communication channels including phone numbers 0612-26755506 and 8102223771/74.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in share transfer and dematerialization processes as mandated by SEBI regulations.