Regaal Resources544485Regulatory penalty

ROC Kolkata passes penalty order: Rs 8,00,000 on company, Rs 2,00,000 on officers in default

Regaal Resources received Order(s) from the Registrar of Companies, Kolkata I, dated October 14, 2026.

By ScoutQuest · Thu 15 Oct 2026, 3:12 PM IST · 2 min read

Penalty on Company: Rs 8,00,000
Penalty on Officers in Default: Rs. 2,00,000
Order Date: October 14, 2026

What was disclosed

Regaal Resources Ltd has informed the stock exchanges that it received Order(s) dated October 14, 2026 passed by the Registrar of Companies, Kolkata I, in the suo moto applications for Adjudication of Penalties under Section 454 of the Companies Act, 2013. The company states the disclosure is being made as a matter of abundant caution and transparency.

The penalty amounts

Penalty imposed on the company, as printed in the order table: 8,00,000
Penalty imposed on officers in default, as printed in the order table: 2,00,000
The disclosure states that penalties aggregating to Rs 8,00,000/- on the company and Rs. 2,00,000/- on the officers in default have been imposed under the said orders.

What led to the order

The order pertains to adjudication of penalty under Section 454 of the Companies Act, 2013 for violation of Section 450 of the Companies Act, 2013 read with Rule 12(7) of the Companies (Prospectus and Allotment of Securities) Rules, 2014. The brief of the matter is the update of the Return of Allotment in Form PAS-3 without attaching the valuation report.

Background as stated in the disclosure

The Board of Directors, at its meeting held on 22.08.2016, had resolved to issue 15,35,000 Equity Shares of Rs. 10/- each on a private placement basis, subject to approval of the shareholders, at a price determined based on the valuation report.
The valuation report was inadvertently not attached while update the Return of Allotment in Form PAS-3 for the allotments made on 28.09.2016, 17.10.2016 and 21.10.2016.
The company shared suo moto applications for adjudication of the defaults made under Rule 12(7), and upon update these applications the company and the respective officers in default received the orders from the Registrar of Companies, Kolkata I.

Impact stated by the company

The disclosure states that there is no material impact on financial operations or other activities of the company on account of these orders.

How to read this

This is a compliance-related order rather than an operating event such as a new contract or business order. The disclosure sets out the penalty amounts payable by the company and by the officers in default, and states the company's own view of the impact. Readers can weigh the penalty figures against that stated impact and against the size of the allotment the matter relates to.

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