Final Compounding Order received for Section 129 default; no fee payable by the company

Luxury Time Ltd has received the Final Compounding Order dated September 21, 2026 from the Office of the Regional Director (Northern Region-I), MCA, under Section 441 of the Companies Act, 2013.

Mon 5 Oct 2026

Compounding Order Date

September 21, 2026

Default Provision

Section 129 of the Companies Act, 2013 - non-preparation and update of consolidated financial statements of its Joint Venture

Financial Years of Default

FY 2019-20 to FY 2023-24

Compounding Fee Paid by Directors

₹1,00,000/- for each year of default paid by the applicant Directors on September 03, 2026

Fee Payable by Company

No compounding fee is payable by the Company

What the company has disclosed

Luxury Time Ltd has received the Final Compounding Order dated September 21, 2026, passed by the Office of the Regional Director (Northern Region-I), Ministry of Corporate Affairs, under Section 441 of the Companies Act, 2013. The order was received on September 25, 2026. This disclosure follows the company's earlier intimation dated August 11, 2026 regarding the Compounding Order dated August 06, 2026, and is submitted as a further update in continuation of that intimation.

What the default was

• The order relates to the compounding application shared by Luxury Time Limited, Mr. Ashok Goel and Mr. Pawan Chohan.
• The default was under Section 129 of the Companies Act, 2013 — non-preparation and update of consolidated financial statements of its Joint Venture.
• The financial years covered are 2019-20, 2020-21, 2021-22, 2022-23 and 2023-24.

What has been paid

• A compounding fee of ₹1,00,000/- for each year of default was paid by the applicant Directors, Mr. Ashok Goel and Mr. Pawan Chohan, on September 03, 2026.
• The Order records that, in view of the payment of the compounding fee, the offence has been compounded in respect of the applicants.
• No compounding fee is payable by Luxury Time Limited pursuant to the said Order.

Impact on the company

The disclosure states that there is no financial impact on the Company in respect of the compounding fee, and that there is no material impact on the operations or other activities of the Company.

What the order directs

The Order directs the update of Form INC-28 with the jurisdictional Registrar of Companies. The Company has stated that it shall take the necessary steps for compliance with the directions contained in the Order within the applicable timeline.

Points recorded in the order

• The period of default is FY 2019-20, FY 2020-21, FY 2021-22, FY 2022-23 and FY 2023-24.
• No complaints are pending against the Company.
• No prosecution has been shared in the matter before court.
• No such offence has been compounded during the last three years.
• The omissions in the Financial Statements for FY 2019-20, 2020-21, 2021-22, 2022-23 and 2023-24 have been rectified in the Financial Statements for FY 2024-25.

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