Show Cause Notice from ROC Kolkata for procedural defaults
REGAAL · price
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Regaal Resources received a Show Cause Notice from ROC Kolkata dated Feb 9, 2026 for E-Adjudication of Default under the Companies Act, 2013. Alleged contraventions include delay in forming Audit and Nomination and Remuneration committees, filing Form PAS-3 without attaching the registered valuers report, and allotting equity shares in physical mode instead of demat. Potential penalty is Rs 22 lakh on the company and Rs 12 lakh on officers in default. The company had itself filed a suo-moto application and will submit its reply. It states there is no material impact on operations.
Procedural ROC notice with combined potential penalty of about Rs 34 lakh; no material impact claimed but compliance lapses may dent investor sentiment.