Order From Regional Director, Southern Region, Ministry of Corporate Affairs, In the Matter of Compounding of Offences Under the Companies Act, 2013.
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Jetmall Spices and Masala has received a compounding order from the Regional Director (Southern Region), Ministry of Corporate Affairs, under Section 441 of the Companies Act, 2013. The violation relates to an inadvertent non-compliance with Section 96, which deals with the holding of the Annual General Meeting. The company itself filed a suo moto compounding application, and the RD has accepted it with total compounding fees of Rs. 1,80,000 — Rs. 1,00,000 on the company, Rs. 40,000 on ex-director Ratanchand Lodha, and Rs. 40,000 on ex-CFO Radhakrishnan. The fee is payable within 15 days of receiving the order on February 11, 2026. The company has clarified there is no material financial or operational impact beyond these compounding charges.
Minor procedural compliance issue with negligible financial impact (Rs. 1.80 lakh total). Since the company self-applied for compounding and the matter is resolved, this is unlikely to affect share price or business operations.