India MCA Corporate Compliance Enforcement — March 27, 2026

27-03-2026

Indian Railway Finance Corporation Ltd (IRFC) disclosed notices from NSE and BSE dated February 27, 2026, for non-compliance with SEBI LODR Regulations 17(1), 18(1), and 19(1)/19(2) regarding board composition and audit/nomination committees for the quarter ended December 31, 2025, resulting in fines of ₹828,000 plus 18% GST of ₹149,040 (total ₹977,040). The Board, in its meeting on March 9, 2026, noted the fines, requested waivers citing prior precedents (March-December 2021) and the company's status as a government entity where director appointments are controlled by the Ministry of Railways, and urged expedited appointment of Independent Directors including a woman director. No compliance has been achieved yet, with fines accruing daily until rectification.

• ·Non-compliance pertains to lacking requisite Independent Directors (including one Woman Independent Director) on the Board.
• ·Appointments vested with President of India via Ministry of Railways; company has no control.
• ·Prior fines waived by exchanges for similar non-compliances from March 2021 to December 2021.
• ·Fines continue accruing daily until compliance; waiver requires prior compliance and ₹10,000 + GST processing fee.

27-03-2026

Halder Venture Limited paid a Standard Operating Procedure (SOP) fine of ₹5,42,800 (including GST) to BSE on March 26, 2026, for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015, related to the composition of its Board of Directors for the quarter ended September 2025. This follows the rejection of a waiver application, as previously disclosed on March 19, 2026. The company reported no material impact on financial, operational, or other activities beyond the fine amount.

• ·Order received via email on March 18, 2026 at 4:41 PM.
• ·Payment details: UTR No. INF/INFT/774529182646/BSER11070 via ICICI Bank RTGS/NEFT.
• ·Disclosure in continuation of earlier notice dated March 19, 2026 regarding rejection of waiver application.

27-03-2026

NGL Fine-Chem Limited informed BSE and NSE of the closure of its Trading Window for Designated Persons and their immediate relatives, effective from April 1, 2026, until 48 hours after the declaration of Audited Financial Results for the quarter and year ended March 31, 2026. This action complies with the Company's Code of Conduct and SEBI (Prohibition of Insider Trading) Regulations, 2015. The Board Meeting date for approving these results will be intimated separately.

• ·Filing Date: March 27, 2026
• ·Scrip Code: 524774 (BSE), Symbol: NGLFINE (NSE)
• ·CIN: L24110MH1981PLC025884
• ·Registered Office: 301, E – Square, Subhash Road, Vile Parle East, Mumbai 400057, Maharashtra, India

27-03-2026

Promoter Mr. Ashish Subhash Dandekar of Camlin Fine Sciences Limited disclosed the creation of pledges on 6,25,000 equity shares (0.33% of total share capital) on March 20, 2026, to LRSD Securities Private Limited, and 7,00,000 shares (0.36%) on March 25, 2026, to Aditya Birla Capital Limited, as additional margin for shortfalls in security cover related to financial assistance for the company and share acquisition. His total holding stands at 1,97,78,510 shares (10.30% of total share capital), with post-event encumbrance rising to 1,46,50,000 shares (7.62% of total capital or 74.07% of his holding). The high encumbrance level exceeding 50% of promoter holding raises potential concerns over liquidity or financial obligations.

• ·Encumbrance constitutes over 50% of promoter's shareholding (YES for both events) but under 20% of total share capital (NO for both)
• ·Pledges are non-disposal undertakings/pledges, not related to debt instruments like debentures
• ·Entities receiving pledges (LRSD Securities Private Limited and Aditya Birla Capital Limited) are scheduled commercial banks/NBFCs (YES)

27-03-2026

Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation Limited, announced the cessation of four Independent Directors effective March 28, 2026, upon completion of their tenure: Shri. Rajkumar Sharma, Shri. Manohar Singh Verma, Shri. Pankaj Gupta, and Ms. Cheruvally Nivedida Subramanian. The disclosure complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with details on DINs and board committee memberships provided in Annexure I.

• ·DINs: Shri. Rajkumar Sharma (01681944), Shri. Manohar Singh Verma (09393215), Shri. Pankaj Gupta (09393633), Ms. Cheruvally Nivedida Subramanian (08646502).
• ·Committee memberships: Rajkumar Sharma (Chairman of Audit Committee, Member of Stakeholders Relationship Committee and CSR & SD Committee); Manohar Singh Verma (Chairman of Nomination and Remuneration Committee, Member of Audit Committee and Risk Management Committee); Pankaj Gupta (Chairman of Corporate Social Responsibility & SD Committee, Member of Audit Committee and Nomination and Remuneration Committee); Cheruvally Nivedida Subramanian (Chairman of Stakeholders Relationship Committee, Member of Audit Committee, Risk Management Committee and Nomination and Remuneration Committee).

27-03-2026

Rodium Realty Limited announced the closure of its trading window for Directors, Designated Persons, and their immediate relatives from April 1, 2026, until 48 hours after the declaration of audited financial results for the quarter and year ended March 31, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The Board Meeting date for approving these results will be intimated separately. This is a standard procedural notice with no financial data disclosed.

• ·Scrip Code: 531822
• ·Scrip Name: Rodium
• ·CIN: L85110MH1993PLC206012
• ·Corporate Office: 401 / 402, X' Cube, Plot # 636, Opp. Fun Republic Theatre, Off Link Road, Andheri West, Mumbai- 400 053

27-03-2026

Panacea Biotec Limited disclosed that the Commissioner of Income Tax (Appeals), New Delhi dismissed the company's appeals against penalty orders dated December 24, 2025 issued by the Assistant Commissioner of Income Tax for Assessment Years 2017-18, 2020-21, and 2021-22, upholding an aggregate penalty demand of ~₹9.38 Crore for alleged under-reporting of income. The company maintains the demand is not maintainable, plans to appeal to the higher appellate authority, and does not envisage any impact on its financial, operational, or other activities.

• ·Penalty orders issued on December 24, 2025 by Assistant Commissioner of Income Tax, New Delhi
• ·CIT(A) dismissal orders dated March 25, 2026, received on March 26, 2026
• ·Previous update via letter dated December 26, 2025
• ·Assessment Years involved: 2017-18, 2020-21, 2021-22

27-03-2026

Aditya Birla Money Limited received a penalty of ₹2,13,864.89 (exclusive of GST) from the National Stock Exchange of India Limited (NSE) on March 27, 2026, for Client Code Modifications pursuant to MCSGFC directives. The company states there is no material impact on its financials, operations, or other activities beyond the monetary penalty. This disclosure is made under Regulation 30 of SEBI Listing Regulations.

• ·Scrip Code: BSE – 532974, NSE – BIRLAMONEY
• ·Reference: SECTL/2026 – 216

27-03-2026

SecureKloud Technologies Limited has remitted a penalty of Rs. 2,00,00,000 (₹2 Crore) and its Promoter/Director Mr. Suresh Venkatachari has paid Rs. 1,50,00,000 (₹1.5 Crore), as directed by the Hon’ble Securities Appellate Tribunal in their order dated March 6, 2026. The payments were made on March 27, 2026, in compliance with the earlier intimation dated March 9, 2026. This disclosure is made under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015.

• ·ISIN: INE650K01021
• ·BSE Scrip code: 512161
• ·Previous intimation reference: SK/CHN/2025-26/E60 dated March 9, 2026

27-03-2026

Shirpur Gold Refinery Ltd, undergoing Corporate Insolvency Resolution Process (CIRP) since June 24, 2024, has intimated the closure of its Trading Window from April 1, 2026, until 48 hours after the RP Committee Meeting approving audited standalone and consolidated financial results for the fourth quarter and year ending March 31, 2026. This applies to all suspended Board of Directors and Designated Employees per the Company's Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2018. During CIRP, board and committee roles under SEBI (LODR) Regulations are fulfilled by Resolution Professional Ashish Vyas.

• ·CIRP commenced pursuant to NCLT Mumbai Bench - VI order no. CP (IB) No. 250/MB/2022 dated June 24, 2024 (received by IRP on June 25, 2024).
• ·First Committee of Creditors meeting on July 24, 2024; e-voting for RP appointment concluded September 14, 2024.
• ·NSE Symbol: SHIRPUR-G; BSE Scrip Code: 512289.
• ·Company CIN: L51900MH1984PLC034501; Registered office: Refinery Site Shirpur, Dist. Dhule, Dhulia, Maharashtra, India, 425405.

27-03-2026

Unknown Company, via account holder BINDU MADHAVA K G at Karnataka Bank, made a successful IMPS payment of ₹5,900 to BSE LISTING COMPLIANCE on March 26, 2026, for delay in Regulation 50(1) compliance. This regulatory action highlights a compliance lapse with no other financial impacts disclosed.

• ·Payment Date: March 26, 2026
• ·Filing Date: March 27, 2026
• ·Network: IMPS
• ·Transaction Status: Success
• ·UTR Number: 202603261459130326s9080387