The meeting of the Board of Directors of the company was held today i.e. on Wednesday, 08th October, 2025 at the corporate office of the company to approve an application under section ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pecos Hotels and Pubs Ltd held a board meeting on October 8, 2025, where directors approved filing an application to compound an offence under Section 129 read with Schedule III of the Companies Act, 2013. The offence relates to making payment to its own CFO for accounting services during financial years 2021-22 and 2022-23. The application will be filed before the Regional Director, South East Region, Hyderabad. The board authorised Whole-time Director Liam Norman Timms to sign the application and Executive Director Pradosh Dhanraj to represent the company before the Regional Director's bench. The meeting lasted one hour, from 11:30 AM to 12:30 PM.
This is a routine procedural compliance step to regularise a past filing/payment irregularity under the Companies Act. For shareholders, the financial impact is likely minimal as compounding fees are typically small, but it signals past non-compliance with financial reporting norms related to CFO payments.