Regulatory16 May 2026, 12:31 pm
India Cements Receives ₹18,250 Compounding Order from RBI
AI Summary
India Cements Ltd. has received a Compounding Order dated 15th May 2026 from the Foreign Exchange Department, Reserve Bank of India, Chennai, for a compounding amount of ₹18,250. The order was passed under Section 15(1) of the Foreign Exchange Management Act, 1999, due to a delay in filing Form FC-TRS. The company states that the order does not have any material financial impact.
Key Highlights
- India Cements received a Compounding Order from RBI Chennai on May 15, 2026.
- The order pertains to a delay in filing Form FC-TRS.
- The compounding amount levied is ₹18,250.
- The company asserts the order has no material financial impact.
Price Impact
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