Board approves compounding application for Section 139 offence and suspension revocation
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Board met on August 13, 2026 and approved filing a compounding application with the Registrar of Companies for an offence under Section 139 of the Companies Act, 2013, which relates to auditor appointment. The board also noted a revised submission to BSE seeking revocation of the trading suspension of the company's shares per the SEBI circular dated October 18, 2018, along with an updated insider trading database process under SEBI norms.
Shares are currently suspended from trading. The company is taking steps to resume trading and clear an older auditor-related compliance default.