Four quarterly compliance updates for September 2026 quarter not submitted; company remains under CIRP
Shirpur Gold Refinery, currently under CIRP, has told NSE and BSE that it cannot file four quarterly compliance reports for the quarter ended 30 September 2026.
By ScoutQuest · · 2 min read
- Updates not submitted
- four quarterly compliance reports for the quarter ended 30 September 2026
- CIRP admission date
- under CIRP since 24 June 2024
- Reason for non-update
- NSDL, CDSL and the RTA stopped giving benpos (shareholding) data after outstanding fees demanded from the erstwhile management were not paid
What the company has told the exchanges
Shirpur Gold Refinery Ltd has written to NSE and BSE that it is not in a position, as of now, to submit four quarterly compliance updates for the quarter ended 30 September 2026. The letter is signed by Ashish Vyas, Resolution Professional.
The four updates not being submitted
- Compliance certificate from the RTA under Regulation 74(5) of SEBI (D&P) Regulations, 2018
- Shareholding Pattern under Regulation 31(b) of SEBI (LODR) Regulations, 2015
- Reconciliation and Share Capital Audit report from PCS under Regulation 76 of SEBI (D&P) Regulations, 2018
- Integrated update Governance under SEBI (LODR) Regulations, 2015 as on 30 September 2026
Reason given for the gap
The company states that National Securities Depository Limited (NSDL), Central Depository Services Limited (CDSL) and the Registrar and Transfer Agent (RTA) have stopped providing benpos (beneficial position, i.e. shareholding) data of the company. The stated cause is non-payment of outstanding fees demanded by them, which arose under the erstwhile management. Without that shareholding data, the company says it cannot prepare these updates.
Where the company stands
- The CIRP application was shared by Prudent ARC Ltd against the company as corporate debtor under Section 7 of the Insolvency and Bankruptcy Code, 2016.
- It was admitted by the National Company Law Tribunal, Mumbai Bench, by order dated 24 June 2024, and the undersigned was appointed Interim Resolution Professional.
- The first meeting of the Committee of Creditors was held on 24 July 2024, and based on e-voting that concluded on 14 September 2024, the existing IRP was appointed Resolution Professional.
- The company has been under CIRP since 24 June 2024.
Exemption the update points to
The company states that under Regulations 15(2A) and 15(2B) of SEBI (LODR) Regulations, 2015, it is exempt from complying with Regulations 17 to 21 while it remains under CIRP. On that basis it says it is not required to file the Corporate Governance report under Regulation 27. It has asked the exchanges to take these facts on record.
What this means in simple terms
- For this quarter, the usual disclosures that let shareholders see who holds the shares and what the share capital audit shows are not being shared, and the company has cited a data and fee issue with the depositories and RTA as the reason.
- The letter is a statement of the current position in the insolvency process and of the resulting compliance gap, not a fresh development in the resolution itself.
- The exemption referred to covers corporate governance reporting requirements during CIRP; the four updates listed above are the ones the company says it cannot currently make.
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