Sastasundar Ventures Limited has informed the Exchange about Update on Disclosure under Reg 30 of SEBI (LODR) Regulations, 2015 regarding Registrar of Companies Adjudication Order submitted to Stock Exchange on 23.05.2025
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Sastasundar Ventures Limited has paid a total penalty of Rs. 8,00,000 imposed by the Registrar of Companies, West Bengal for violation of Section 134 of the Companies Act, 2013 (related to the Board's Report) for FY 2018-19 and FY 2019-20. The penalty, originally ordered on May 6, 2025 and received by the company on May 23, 2025, was paid by officers in default on July 30 and August 5, 2025, and by the company on August 6, 2025. This filing is an update to the earlier disclosure made on May 23, 2025. The company has stated there is no material financial or operational impact, though it was earlier exploring the option of filing an appeal.
The penalty amount is small (Rs. 8 lakh) relative to a listed entity, and the company confirms no financial or operational impact. Shareholders should note this is a compliance lapse in financial statement disclosures from FY19 and FY20, but it appears to be a resolved, minor regulatory matter with limited effect on the stock.