Nivaka Fashions Limited has successfully secured Central Government approval to relocate its registered office from West Bengal to Maharashtra, marking a significant milestone in the company's corporate restructuring initiative. The approval comes after the company had already obtained necessary clearances from its Board of Directors and shareholders for this strategic move.

Corporate Office Relocation Details

The company has provided detailed information about the office transition in its regulatory filing dated 05-03-2026. The relocation involves shifting the registered office from its current location in Kolkata to a new address in Maharashtra.

Regulatory Compliance and Implementation

The company has clarified that while Central Government approval has been obtained, the change in registered office will become effective only upon approval and registration of e-Form INC-22 by the Registrar of Companies. This regulatory requirement ensures complete compliance with corporate governance norms and legal procedures for interstate office relocations.

Corporate Structure and Leadership

Nivaka Fashions Limited operates under CIN L52100WB1983PLC035857 and maintains its corporate office at Harihar Corporation in Bhiwandi, Thane. The company's Managing Director, Mr. Bhavin Jain (DIN: 00741604), has signed the regulatory communication confirming the approval receipt.

Market Presence

The company maintains its market presence through listings on multiple exchanges, with scrip code 542206 on BSE Limited and symbol NIVAKA on Metropolitan Stock Exchange of India Limited. This registered office relocation represents a strategic corporate decision that aligns the company's legal domicile with its operational base in Maharashtra.

The successful receipt of Central Government approval demonstrates the company's commitment to regulatory compliance while pursuing its corporate restructuring objectives. The final implementation awaits the completion of remaining regulatory formalities with the Registrar of Companies.

Nivaka Fashions Limited has been penalized by two major stock exchanges for delayed regulatory filing, highlighting the importance of timely compliance with SEBI regulations. The company received penalty notices from both BSE Limited and Metropolitan Stock Exchange of India Limited for failing to submit its shareholding pattern within the prescribed timeline.

Penalty Details and Non-Compliance

The regulatory violations stem from the company's delayed submission of shareholding pattern under Regulation 31 of SEBI (LODR) Regulations, 2015. The penalties were imposed for the quarter ended December 30, 2025, with specific details outlined below:

Company's Response and Future Compliance

Nivaka Fashions Limited acknowledged the delay in its official communication to stakeholders, describing the non-compliance as "procedural in nature." The company's Managing Director, Mr. Bhavin Jain (DIN: 00741604), signed the intimation notice dated February 13, 2026, addressing both stock exchanges and public stakeholders.

The company has committed to implementing necessary measures to prevent future regulatory violations. Management emphasized that steps have been taken to ensure strict compliance with applicable regulatory requirements going forward.

Regulatory Framework and Implications

The penalties were levied under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of material events and information. The shareholding pattern submission requirement under Regulation 31 is a critical compliance obligation for listed companies, ensuring transparency in ownership structure for investors and market participants.

This regulatory action serves as a reminder to listed companies about the importance of maintaining strict adherence to SEBI's disclosure timelines and the financial consequences of non-compliance.