Board noted RBI supervisory letter and directed corrective measures
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Board met on Oct 15, 2026 and discussed a Supervisory Letter from RBI dated July 15, 2026, following RBI's inspection of the company's financial position as on March 31, 2026. The board reviewed management's response to RBI's observations and directed corrective measures, monitoring mechanisms, and submission of point-wise compliance to RBI within the prescribed timeline. Board also emphasised strengthening internal controls, risk management, regulatory reporting, and the overall compliance framework.
Flags RBI regulatory scrutiny and compliance gaps; management has been told to take corrective action, a routine but notable signal for shareholders of this small entity.