Interim Order: Rs. 75,000 penalty on company, Rs. 15,000 each on three directors

The company received an Interim Order from the Regional Director, Western Region-II, Ministry of Corporate Affairs, Mumbai: a penalty of Rs. 75,000 on the company and Rs. 15,000 each on three directors.

Mon 5 Oct 2026

Penalty on company

Rs. 75,000

Penalty per director

Rs. 15,000 each on three directors

Non-compliance section

Section 139(8) of the Companies Act, 2013

Order date

September 29, 2026

Order received date

October 5, 2026

What the company informed

• The company said it received an Interim Order on October 5, 2026 from the Regional Director, Western Region-II, Ministry of Corporate Affairs, Mumbai.
• The order is dated September 29, 2026.
• It was passed on an application the company had shared under Section 441 of the Companies Act, 2013. This is the route through which companies apply to settle certain offences under the Act.
• The order pertains to procedural non-compliance under Section 139(8) of the Companies Act, 2013.

What has been imposed

• A penalty of Rs. 75,000 on the company.
• A penalty of Rs. 15,000 each on three directors: Mr. Suraj S. Barge, Managing Director; Mr. Baswaraj M. Barge, Director; and Mr. Shivling M. Barge, Director.

What the company says about the impact

The company states that it does not reasonably expect the said order to have any material financial impact on the company.

How to read this

• The update uses the term Interim Order, and the order relates to procedural non-compliance rather than any operational matter.
• The penalties are fixed sums, and they are the only monetary amounts named in the disclosure.
• The company has itself assessed the impact as not material in financial terms.

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