Zuari Agro Chemicals Limited Receives Interim Order from Ministry of Corporate Affairs
Zuari Agro Chemicals Limited confirmed receiving an Interim Order from the Regional Director, Western Region-I, Ministry of Corporate Affairs, Mumbai. The order relates to a compounding application concerning alleged non-compliances under the Companies Act, 2013.The action stems from a compounding application filed under Section 441 of the Companies Act, 2013, concerning alleged violations under Section 129 of the Companies Act, 2013 read with IND AS-36.
The company detailed the key aspects of the order, which was received on May 14, 2026. The alleged violation pertains to non-compliance with IND AS-36 related to the impairment assessment and disclosure concerning an investment in Mangalore Chemicals & Fertilizers Limited for the financial years 2019-20 to 2022-23.
The authority that passed the Interim Order was the Regional Director, Western Region-I, Ministry of Corporate Affairs, Mumbai.
| Detail | Description |
|---|---|
| Authority | Regional Director, Western Region-I, Ministry of Corporate Affairs, Mumbai |
| Date of Order | May 14, 2026 |
| Violation Scope | Non-compliance with IND AS-36 regarding impairment assessment/disclosure in respect of investment in Mangalore Chemicals & Fertilizers Limited for FY 2019-20 to FY 2022-23. |
| Order Type | Interim Order on compounding application (Section 441 of the Companies Act, 2013). |
Regarding the impact on the company’s activities, Zuari Agro Chemicals Limited stated there is no material impact on the financials, operations, or other activities. However, the compounding order resulted in total compounding fees amounting to Rs. 22.25 lakhs, which were levied on the Executive Director, Promoter directors, Director, and Key Managerial Personnel (KMPs), including former directors/KMPs.
ZUARI Stock Price Movement
As of 9:51 AM, Zuari Agro Chemicals Limited shares are shedding 0.42% in live trading, currently at ₹233.69. The stock is currently maintaining a tight grip on volume, with 16,254 shares traded, and remains within an intraday range spanning from ₹232.56 to ₹236.92.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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