Ambika Cotton Mills Limited has received an adjudication order from the Registrar of Companies (ROC) Coimbatore imposing a penalty of ₹1.80 lakh for delayed filing of Form MGT-15 under Section 121(3) of the Companies Act, 2013. The order was issued on January 9, 2026, with Order ID: PO/ADJ/01-2026/CB/01357.

Penalty Breakdown and Details

The ROC Coimbatore imposed penalties totaling ₹1.80 lakh for a 2-day delay in filing Form MGT-15. The penalty structure includes separate charges for the company and its Key Managerial Personnel (KMPs).

Company's Response and Justification

Ambika Cotton Mills Limited contested the penalty, citing technical glitches in the Ministry of Corporate Affairs (MCA) portal as the primary reason for the delay. The company emphasized that the technical issues were escalated through the MCA portal in a timely manner and were frequently occurring during that period. The form was filed immediately once the portal became functional, along with additional fees.

The company highlighted that one of the two delay days was a Sunday, which should not typically count as a working day. Despite these representations and other legal submissions, the ROC Coimbatore did not consider these factors in the adjudication order.

Regulatory Compliance Details

The adjudication order relates to Form MGT-15 filing requirements under the Companies Act, 2013. The company received the communication from the ROC on January 9, 2026, at 6:08 PM.

Appeal Process and Financial Impact

The company has confirmed that the adjudication order is appealable before the Regional Director, Chennai. Ambika Cotton Mills Limited stated it will file an appeal within the statutory time period. According to the company's assessment, there is no material impact on its financial, operational, or other business activities due to this penalty.

The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, in compliance with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company secretary, Radhe Shyam Padia, signed the regulatory filing on January 10, 2026.

Ambika Cotton Mills , a prominent player in the Indian textile industry, has released its financial results for the second quarter, showcasing resilience in a challenging market environment.

Financial Performance Highlights

The company reported a notable increase in its quarterly net profit, demonstrating its ability to enhance profitability despite flat revenue growth. Here's a breakdown of the key financial metrics:

Profit Growth Despite Revenue Stagnation

Ambika Cotton Mills managed to increase its net profit by 13.3% year-over-year, reaching ₹159.40 crore in Q2 FY2025-26, up from ₹140.70 crore in the same quarter of the previous fiscal year. This growth in profitability is particularly noteworthy given that the company's revenue remained flat at ₹2,000.00 crore.

Improved Operational Efficiency

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant improvement, rising to ₹266.90 crore from ₹234.00 crore in the corresponding quarter last year. This 14.1% increase in EBITDA indicates enhanced operational efficiency and cost management.

Margin Expansion

Ambika Cotton Mills demonstrated its ability to extract more value from its operations, as evidenced by the expansion in its EBITDA margin. The EBITDA margin improved to 13.37% in Q2 FY2025-26, up from 11.68% in the same period last year, representing an increase of 169 basis points.

Outlook

While the company has not provided specific forward-looking statements, the improvement in profitability and operational metrics suggests that Ambika Cotton Mills is navigating the current market conditions effectively. The ability to enhance margins in a flat revenue environment indicates strong cost control measures and possibly a favorable product mix.

Investors and market observers will likely keep a close watch on how the company maintains this momentum in the coming quarters, especially in light of ongoing challenges in the textile sector and broader economic conditions.

Note: All figures are in Indian Rupees (₹) and 1 crore = 10 million.