Cella Space Limited Issues Revised Disclosure on Director Re-appointment and BSE Penalty
Cella Space Limited has issued a revised regulatory disclosure regarding the re-appointment of Mr. Akhilesh Agarwal as Additional Director and a BSE penalty matter. Mr. Agarwal, who completed his five-year term as Independent Director on September 11, 2025, has been re-appointed as Additional Director (Non-Executive and Non-Independent) from January 23, 2026, subject to shareholder approval. Additionally, BSE has imposed a penalty of Rs. 16,68,947/- for non-compliance with Regulation 33 regarding submission of auditor's report with financial statements for 2016-17. The company has paid the penalty while applying for its waiver and states no material operational impact.

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Cella Space Limited has issued a revised disclosure to BSE on February 6, 2026, regarding director re-appointment and penalty matters under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure supersedes earlier filings dated January 23, 2026, and January 27, 2026.
Director Re-appointment Details
Mr. Akhilesh Agarwal (DIN: 00918838) ceased to be Independent Director of the company upon completion of one term of five consecutive years on September 11, 2025. The company acknowledged that due to oversight, these details were not filed with the stock exchange within the required 24-hour timeframe.
| Parameter | Details |
|---|---|
| Name & Designation | Mr. Akhilesh Agarwal |
| Reason for Change | Re-appointed as Additional Director (Non-Executive & Non-Independent) upon completion of five-year tenure as Independent Director |
| Re-appointment Date | January 23, 2026 |
| Term | Until next Annual General Meeting |
| Relationship | Not related to any director of the company |
Mr. Agarwal brings over 20 years of experience in the stock market and serves as a national executive member of the Stock Broker Association. His re-appointment is subject to shareholder approval, and the company emphasizes full compliance with Regulation 17 regarding board composition at all times.
BSE Penalty Matter
BSE Limited has levied a penalty on the company for alleged non-compliance with regulatory requirements. The penalty relates to non-submission of auditor's report along with financial statements for the year 2016-17 under Regulation 33 of SEBI LODR Regulations.
| Penalty Details | Information |
|---|---|
| Authority | BSE Limited |
| Penalty Amount | Rs. 16,68,947/- |
| Communication Date | December 1, 2025 |
| Violation | Non-submission of auditor's report with financial statements for 2016-17 |
| Company Action | Penalty paid; waiver application submitted |
Company Response and Impact
Cella Space Limited has paid the applicable penalty to BSE but has simultaneously made a representation for waiver of the Rs. 16,68,947/- penalty amount. The company states that there is no material impact on its financial, operational, or other activities due to this penalty matter.
The revised disclosure ensures compliance with sub-para 20 of Para A of Part A of Schedule III of SEBI LODR Regulations, 2015, and provides comprehensive details as required under the regulatory framework. The company has requested BSE to ignore the earlier disclosures and take the current revised disclosure on record.
Historical Stock Returns for Cella Space
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.73% | +10.32% | +2.58% | +6.84% | +10.32% | +175.79% |



























