Intimation under Reg 30 - Violation of Sec 134(3)(h) - letter enclosed.
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Sri Ramakrishna Mills (Coimbatore) Ltd. received an adjudication order from the Ministry of Corporate Affairs (MCA) on January 12, 2026, for violation of Section 134(3)(h) of the Companies Act, 2013. The violation relates to insufficient disclosure of Related Party Transactions with entity M/s SRMC (Sri Ramakrishna Mills, V.K.R. Puram, Nagari) in the financial statements for FY 2016-17. While information about the related party was present in the Balance Sheet and Notes to Accounts, as a listed company it was required to provide fuller disclosures in the Related Party Statements. A penalty of Rs. 50,000 has been imposed on the Company, CS, and CFO. The company has stated there is no material impact on financials, operations, or other activities.
The penalty amount of Rs. 50,000 is negligible for a listed company and is unlikely to materially affect the stock price. However, this reflects a historical governance lapse in disclosure practices from FY 2016-17 and may concern investors focused on corporate governance standards.