JK Cement Penalized Over 7 Lakhs for Delay in Significant Beneficial Owner Filing
JK Cement Limited has been subject to penalties by the Registrar of Companies regarding the delay in filing Form BEN-2 pertaining to the Significant Beneficial Owner (SBO). The penalty was imposed following a voluntary application and submissions made by the company.The decision resulted in fines levied against the company itself and several designated officers for violating Section 90(4) of the Companies Act, 2013, read with Rule 4 of the Companies (Significant Beneficial Owners) Rules, 2018. The order was received on August 13, 2026.
The fines imposed cover the delay in filing Form BEN-2 concerning the Significant Beneficial Owner. JK Cement Limited reported that the penalty order does not have a major financial impact on the company’s operations.
The distribution of penalties across the company and its officers is detailed below:
| Entity/Officer | Role / Designation | Penalty Amount (INR) |
|---|---|---|
| J. K. Cement Limited | Company | 5,00,000 |
| Dr. Raghavpat Singhania | Managing Director | 1,00,000 |
| Mr. Madhavkrishna Singhania | Joint Managing Director & CEO | 1,00,000 |
| Mr. Ajay Kumar Saraogi | Deputy Managing Director & CFO | 1,00,000 |
| Mr. Shambhu Singh | Previous Company Secretary | 1,00,000 |
| Ms. Bhumika Sood | Present Company Secretary | 64,600 |
JKCEMENT Stock Price Movement
Shares of JK Cement Limited slipped on Friday, shedding 1.17% in after-hours trading to close at ₹5306.50. The stock saw a total traded volume of 13,544 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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