JKB Financial Services Ltd.

As on : 28-Sep-2026

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28-Sep-2026 18:19

Luxury Time Limited resolves defaults with Ministry of Corporate Affairs, paying Rs 5.00 lakh in compounding fees

Luxury Time Limited has received a final compounding order from the Office of the Regional Director (Northern Region-I) of the Ministry of Corporate Affairs, resolving defaults related to the non-preparation and filing of consolidated financial statements for the financial years 2019-20 through 2023-24. As part of the order, Mr. Ashok Goel and Mr. Pawan Chohan, Chairman & Managing Director and Whole-time Director respectively, have paid a compounding fee of Rs 1,00,000 for each year of default, totaling Rs 5,00,000. Luxury Time Limited itself is not liable for any compounding fee, and the company will file Form INC-28 with the Registrar of Companies. The company reports that this resolution has no material financial or operational impact.

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