SKM Egg Products fined ₹2.3 Lakhs for delayed MD reappointment filings

SKM Egg Products Export (India) Ltd has received an adjudication order from the Registrar of Companies, Coimbatore, imposing a monetary penalty for delayed filing of form MR-1 concerning the reappointment of its Managing Director. The company incurred a penalty of ₹10,000 plus ₹1,80,000 (₹1000 x 170 days) for the company and ₹50,000 for officers in default. The delays were attributed to inadvertent reasons related to the approval of appointments. The first delay was 94 days for a reappointment effective June 25, 2022, and the second was 76 days for a reappointment effective June 23, 2025. The company has been directed to pay the penalty within 90 days of receipt of the order. The filing states there is no material impact on the company's financial, operational, or other activities.