Sri Ramakrishna Mills (Coimbatore) Ltd has received a penalty order from the Ministry of Corporate Affairs (MCA) for violation of Companies Act provisions related to financial statement disclosures. The company informed BSE about this development through a regulatory filing dated January 13, 2026.

Penalty Details and Violations

The MCA imposed penalties on the company for contravention of Section 134(3)(h) of the Companies Act, 2013. The violation pertains to insufficient disclosure of related party transactions with entity JGOM in the financial statements for the financial year 2016-17.

MCA's Assessment

According to the penalty order, while information about the related party was present in the Balance Sheet and respective Notes to Accounts, the MCA determined that as a listed company, Sri Ramakrishna Mills should have provided complete disclosures in the Related Party Disclosure section of the financial statements. The company's response to the initial notice was deemed unsatisfactory by the regulatory authority.

Timeline and Communication

The company received the MCA's adjudication order via email communication on January 12, 2026, at 4:41 PM. The penalty order was issued under Section 454 of the Companies Act, 2013, specifically addressing the violation of Section 134(8) disclosure requirements.

Impact Assessment

Sri Ramakrishna Mills has stated that the penalty will not materially impact its financial position, operations, or other business activities. The company has made this information available on its website at www.ramakrishnamills.com as part of its disclosure obligations.

Regulatory Compliance

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to inform stock exchanges about material events and regulatory actions. The company provided detailed information as mandated under Schedule III of the Listing Regulations.

Sri ramakrishna mills (Coimbatore) Ltd. has received board approval for entering into a new real estate project development agreement with M/s. Infinium Developers LLP, Coimbatore. The board of directors approved this proposal during their meeting held on January 12, 2026, at 9:30 AM.

Project Development Details

The new real estate development will be undertaken at the company's property located at No.1493, Sathymangalam Road, Ganapathy, Coimbatore - 641 006. This marks the company's next phase in real estate operations following the successful completion of their previous project.

Previous Project Completion

The company referenced its earlier intimation dated July 22, 2015, regarding real estate operations in Coimbatore, confirming that the previous project has been completed. This successful completion has paved the way for the company to embark on its next real estate venture at the same location.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also updated its website at www.ramakrishnamills.com with this information to ensure transparency with stakeholders.

Company Operations

Sri Ramakrishna Mills (Coimbatore) Ltd. operates with its registered office at 1493, Sathymangalam Road, Ganapathy, Coimbatore, and maintains manufacturing operations at V.K.R. Puram, Nagari in Chittor District, Andhra Pradesh. The company trades under BSE scrip code 521178.