Carysil Ltd Subsidiary Fined ₹1.44 Lakh by RBI for Reporting Delay

Carysil Ltd has received a Compounding Order from the Reserve Bank of India (RBI) for a delay in reporting an investment made by its subsidiary. The Foreign Exchange Department of RBI imposed a penalty of ₹1,44,000 under Section 15(1) of the Foreign Exchange Management Act, 1999 (FEMA). The contravention relates to a delay in reporting the subsidiary's investment as per Regulation 13 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004. The company stated that this is a procedural/reporting delay and does not materially impact its financial or operational activities beyond the compounding fee.