Legal31 Aug 2026, 01:34 pm
Zuari Agro Chemicals Fined ₹3 Lakhs by Registrar of Companies
AI Summary
Zuari Agro Chemicals Limited has received an adjudication order from the Registrar of Companies, Goa, imposing a penalty of ₹3,00,000 on the company and ₹50,000 each on four Key Managerial Personnel (KMPs). The order, dated August 24, 2026, relates to alleged non-compliance with Section 134(3)(c) of the Companies Act, 2013, concerning the Directors' Responsibility Statement in the Board's Report for the financial year ended March 31, 2021. The company stated there is no material financial or operational impact. The delay in submitting the PDF disclosure separately was attributed to a procedural oversight.
Key Highlights
- Zuari Agro Chemicals fined ₹3 Lakhs by Registrar of Companies, Goa.
- Four Key Managerial Personnel also fined ₹50,000 each.
- Penalty relates to alleged non-compliance in Directors' Responsibility Statement.
- No material financial or operational impact on the company.
- Delay in PDF submission was an inadvertent procedural oversight.
Price Impact
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