ROC Kolkata imposes penalties on Regaal Resources for appointment violations
REGAAL · price
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Regaal Resources received an order from ROC Kolkata dated 10 Feb 2026 imposing penalties of Rs 1,15,000 on the company and Rs 1,59,000 on officers in default under Section 454 of the Companies Act, 2013. The contraventions relate to Section 179 regarding the appointment of Mr Karan Kishorepuria as Whole Time Director and Mr Saikat Chatterjee as CFO. The company had itself filed a suo-moto application for adjudication. Management states no material impact on financial operations.
Penalty amount is small but flags governance lapses in board appointments, which investors should monitor closely.