PVP Ventures' Material Subsidiary Files Compounding Application with NCLT Chennai
PVP Ventures Limited has disclosed that its material subsidiary, Biohygea Global Private Limited, has filed a compounding application before NCLT Chennai for certain past non-compliances under the Companies Act, 2013. The matter remains sub-judice with penalty quantum to be determined upon disposal. The company has stated no material impact on operations or financial position is expected from this development.

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PVP Ventures Limited has notified stock exchanges about a regulatory development involving its material subsidiary, as the company maintains transparency in compliance with listing obligations.
Subsidiary Files Compounding Application
Biohygea Global Private Limited, a material subsidiary of PVP Ventures, has filed an application before the National Company Law Tribunal, Chennai, seeking compounding of certain offences under various provisions of the Companies Act, 2013. The application pertains to certain past non-compliances that occurred previously.
| Parameter: | Details |
|---|---|
| Subsidiary Name: | Biohygea Global Private Limited |
| Tribunal: | National Company Law Tribunal, Chennai |
| Application Type: | Compounding of offences |
| Legal Framework: | Companies Act, 2013 |
| Current Status: | Sub-judice |
Current Status and Implications
The matter is currently sub-judice, with the Hon'ble Tribunal yet to pass its order on the compounding application. The quantum of penalty, if any, will be determined only upon disposal of the application by the tribunal. This indicates that the final outcome and any associated financial implications remain pending the tribunal's decision.
Impact Assessment
PVP Ventures has clarified that there is no material impact on the operations or financial position of either the company or its subsidiary on account of this development. The company has emphasized that the application relates to past non-compliances and does not affect current business operations.
Regulatory Compliance
The disclosure was made in compliance with Regulation 30 (9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. PVP Ventures has committed to keeping stock exchanges informed of any further material developments regarding this matter, ensuring continued transparency with stakeholders.
The company's proactive disclosure demonstrates its commitment to maintaining regulatory compliance and keeping investors informed about developments that could potentially impact the organization, even when no immediate material impact is anticipated.
Historical Stock Returns for PVP Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.58% | -3.15% | -17.28% | +46.05% | +5.57% | +424.52% |


































