Regaal Resources Limited has informed the Exchange about orders passed by the Registrar of Companies, Kolkata
REGAAL · price
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Regaal Resources Limited has received orders from the Registrar of Companies (ROC), Kolkata imposing penalties under Section 454 of the Companies Act, 2013 for three contraventions: (1) delay in appointing an Independent Director under Section 149, (2) delay in appointing a Woman Director under Section 149, and (3) filing of Form PAS-3 (Return of Allotment) without attaching the required Registered Valuer's valuation report. Total penalties of Rs. 12,50,500 have been imposed on the Company and Rs. 6,68,000 on its Officers in Default, aggregating roughly Rs. 19.18 lakh. The Company states there is no material impact on its financial operations or activities as a result of these orders.
For shareholders, the financial impact is negligible — the penalty amount is small relative to typical company operations, and management has confirmed no material disruption. However, the order does flag past compliance lapses in board appointments and disclosure filings, which investors may view as a mild governance concern.