Regaal Resources Limited has received an adjudication order from the Registrar of Companies (ROC), Kolkata, imposing significant penalties for compliance violations under the Companies Act, 2013. The order, dated February 12, 2026, follows earlier show cause notices received by the company on February 10 and 11, 2026.

Penalty Details and Violations

The adjudication order imposes penalties under Section 454 of the Companies Act, 2013, for contraventions of Sections 172 and 450. The violations identified by the ROC include multiple compliance failures that occurred over a period of time.

Specific Compliance Violations

The ROC order identifies three primary areas of non-compliance that led to the penalty imposition:

• Delay in Independent Director Appointment: The company failed to appoint an Independent Director within the prescribed timeframe under Section 149 of the Companies Act, 2013
• Delay in Woman Director Appointment: Similar delays occurred in appointing a Woman Director as required under Section 149
• Improper Form Filing: The company filed Return of Allotment (Form PAS-3) without attaching the mandatory Valuation report from a Registered Valuer as specified under Rule 12(7) of the Companies (Prospectus and Allotment of Securities) Rules, 2014

Regulatory Process and Timeline

The penalty order represents the culmination of a regulatory process that began with show cause notices. The company and its officers in default had submitted their responses to these notices before receiving the final adjudication order.

Impact Assessment

Regaal Resources Limited has stated that the penalty order will not have any material impact on the company's financial operations or other business activities. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as a matter of abundant caution and transparency.

The company's management, led by Company Secretary and Compliance Officer Tinku Kumar Gupta, has ensured timely disclosure to both NSE and BSE exchanges regarding this regulatory development.

Regaal Resources Limited has received an adjudication order from the Registrar of Companies (ROC), Kolkata, imposing penalties under the Companies Act 2013. The company disclosed this development on February 11, 2026, pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015.

Penalty Details and Violations

The adjudication order dated February 10, 2026, pertains to penalties under Section 454 of the Companies Act 2013 for violation of Section 450. The company had filed a suo-moto application seeking adjudication of offences for contraventions related to key managerial personnel appointments.

Nature of Contraventions

The violations identified under the order relate to Section 179 of the Companies Act 2013, specifically concerning:

• Appointment of Mr. Karan Kishorepuria as Whole Time Director of the company
• Appointment of Mr. Saikat Chatterjee as Chief Financial Officer of the company

Both appointments were found to be in contravention of the prescribed procedures under the Companies Act 2013.

Financial Impact Assessment

Regaal Resources has clarified that the penalty order will not have any material impact on the company's financial operations or other business activities. The disclosure was made as a matter of abundant caution and transparency, ensuring compliance with regulatory requirements.

Regulatory Compliance

The company's disclosure follows the requirements under Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations. The announcement was signed by Tinku Kumar Gupta, Company Secretary and Compliance Officer, demonstrating the company's commitment to maintaining transparency with stakeholders and regulatory authorities.