Compounding order under Section 441 of the Companies Act, 2013 for violation of Section 148 of the Companies Act, 2013 in the matter of M/s.Sunil Sponge Private Limited

Olc [INTRIM ORDER] File No.RD(NWR) / 441/010/2023-24 / 26 SRN GNL-1 F90400425 Dated: 16.01.2024 BEFORE THE REGIONAL DIRECTOR (NWR) MINISTRY OF CORPORATE AFFAIRS IN THE MATTER OF :- SECTION 441 OF THE COMPANIES ACT, 2013 AND SECTION 148 OF THE COMPANIES ACT, 2013 IN THE MATTER OF :-

1. Suni Sponge Private Limited -Applicant 1
2. Anil Nacharani -Applicant 2
3. Sanjay Nacharani -Applicant 3
4. Jugal Madnani -Applicant 4
5. Pushpa Madnani -Applicant 5
6. Kavita Nacharani -Applicant 6 INTERIM ORDER g 9 ] DATE: 9.04.@(’;15 04 Parties present Sr. No. Name and Designation

Shri Manish S Buchasiya, PCS & Authorized representative of the Applicants. 1. Compounding application received from :

1. Suni Sponge Private Limited -Applicant 1
2. Anil Nacharani -Applicant 2
3. Sanjay Nacharani -Applicant 3
4. Jugal Madnani -Applicant 4
5. Pushpa Madnani -Applicant 5
6. Kavita Nacharani -Applicant 6 under Section 441 of the Companies Act, 2013.

Violation-Details and nature of the violation. - Section 148(6) of the Companies Act, 2013 for non-filing fost audit report for the year 2014-15 under Rule 6(6) of the Companies (Cost . Records and Audit) Rules, 2014. 3 Consideration of Regional Director:- Sr. Particulars Reply No.

or non-filing fost audit report for the year 2014-15 under Rule 6(6) of the Companies (Cost . Records and Audit) Rules, 2014. 3 Consideration of Regional Director:- Sr. Particulars Reply No. 1 Name of the company Suni Sponge Private Limited 2 CIN of the company 27102CT2003PTCO015532 8 Date of Incorporation of the Company 24-01-2003 4 Whether the company is an Active-Compliant or | Active Compliant Active-Non-Compliant Company? 5 Whether the DIN of any of the director is | No deactivated for non-filing of DIR-3KYC? Please furnish the details. Yes/ No, if yes, please furnish the name and DIN of the director along with their status. 6 Whether any of the director are disqualified under | No Section 164 of the Companies Act, 2013? Yes/No, if yes, please furnish the name of the directors and DIN number along with their status. 7 Latest filed financial statements (AR & BS) 31-03-2023 1|Page

8 Paid-up capital as per the last financial statement | 2022-23 Rs. 6,92,95,000/- of the company 2021-22 Rs. 6,92,95,000/- 9 Turnover of the company as per last financial [ 2022-23 Rs. 3,27,38,51,829/- statement 2021-22 Rs. 3,57,21,50,337/- 10 | Net-worth of the company for last three financial | 2022-23 Rs. 82,73,63,875/- years 2021-22 Rs. 67,78,84,953/- 11 | Reserve & Surplus of the company for the last | 2022-23 Rs. 75,80,68,875/- three consecutive financial year. 2021-22 Rs. 60,85,89,953/- 12 | Whether the company is a holding company of any | No other company? Yes/ No, if yes, specify the name of subsidiary companies.

three consecutive financial year. 2021-22 Rs. 60,85,89,953/- 12 | Whether the company is a holding company of any | No other company? Yes/ No, if yes, specify the name of subsidiary companies. 13 | Whether the company is a subsidiary company of | No any other company? Yes/ No, if yes, specify the name of holding companies. 14 | Whether the company is a Section 8 /25 company? [ No Yes/ No 15 | Whether the company is governed by any special | No Act? Yes/ No, if yes, specify the Act. 16 | Whether any investor complaint is received | No against the company? Yes/No, if yes, please attach a copy of complaint, if any. 17 | Whether any prosecution is pending? Yes/ No and | Yes furnish the case number, if applicable. 18 | Whether any penalty has been imposed by the | No ROC? 19 | Category of applicant i.e. Company/ Directors/ | Company and Directors KMP/Others. In case of others please specify. 20 | Whether the compounding application has been | No filed suo-moto or on receipt of show cause notice. Kindly mention the particulars of show-cause notice no. and date. 21 | Violations of Section for which compounding | Section 148 of the Companies Act, application is filed? 2013. Penal Provision for the violation. Section 148(8)(a) r.w. 147(1) of the Companies Act, 2013. Whether the default is continuing? Yes/ No No f, Whether the default has been made good? Yes/ No | The applicant company has filed the i cost audit report for the F.Y. 2014- 15 vide SRN G23562036 dated 22.11.2016. Any other observation / remarks in the matter.

lt has been made good? Yes/ No | The applicant company has filed the i cost audit report for the F.Y. 2014- 15 vide SRN G23562036 dated 22.11.2016. Any other observation / remarks in the matter.

Any other details: - The company is incorporated on 24.01.2003 with the paid-up capital of Rs. 6,92,95,000/- and the net worth of the Company as per the financial statement for the year 2022~ 23 is Rs. 82,73,63,875/- and reserve and surplus amounting to Rs 75,80,68,875/-. Compounding Fees levied: - S. Applicant Name Quantum of Quantum of Total fine No. Minimum fine for | Maximum fine imposed default as per Act | for default as per Act 1 Suni Sponge Private Limited 25,000/~ 5,00,000/- 1,00,000/- 2 Anil Nacharani 10,000/- 1,00,000/- 50,000/~ 3 Sanjay Nacharani 10,000/- 1,00,000/- 50,000/~ 4 Jugal Madnani 10,000/- 1,00,000/- 50,000/~ 5 Pushpa Madnani 10,000/~ 1,00,000/- 50,000/~ 6 Kavita Nacharani 10,000/~ 1,00,000/- 50,000/~ 2|Page

rani 10,000/- 1,00,000/- 50,000/~ 4 Jugal Madnani 10,000/- 1,00,000/- 50,000/~ 5 Pushpa Madnani 10,000/~ 1,00,000/- 50,000/~ 6 Kavita Nacharani 10,000/~ 1,00,000/- 50,000/~ 2|Page

Payment to be made within the specified period. The penalty imposed should be paid within 15 days from the date hereof i.e. on or before 14.05.2024 and to produce the copy of challan evidencing payment for the Company and other two director/officers in default separately. It may be noted that the compounding application shall stand rejected without any further notice in this regard for default in payment within the scheduled date and production of challans as well. Final order shall be issued dn production of challans evidencing the payment of penalty imposed as above. il ~ Name and signature of party(ies) \\Ov\ present (G.C. YADAV) Name and signature of the Regional Director (NWR)(I/C) 3|Page

File No. RD (NWR)/441/08/2023/6 9§ SRN GNL-1 F90400425 Dated: 16.01.2024 BEFORE THE REGIONAL DIRECTOR (NWR), AHMEDABAD MINISTRY OF CORPORATE AFFAIRS IN THE MATTER OF :- SECTION 441 OF THE COMPANIES ACT, 2013 AND SECTION 148 OF THE COMPANIES ACT, 2013 IN THE MATTER OF :-

1. Suni Sponge Private Limited -Applicant 1
2. Anil Nacharani -Applicant 2
3. Sanjay Nacharani -Applicant 3
4. Jugal Madnani -Applicant 4
5. Pushpa Madnani -Applicant 5
6. Kavita Nacharani -Applicant 6 FINAL ORDER

-Applicant 1 2. Anil Nacharani -Applicant 2 3. Sanjay Nacharani -Applicant 3 4. Jugal Madnani -Applicant 4 5. Pushpa Madnani -Applicant 5 6. Kavita Nacharani -Applicant 6 FINAL ORDER

1. Compounding application received from: Suni Sponge Private Limited Anil Nacharani Sanjay Nacharani Jugal Madnani Pushpa Madnani Kavita Nacharani S Pl B = -Applicant 1 -Applicant 2 -Applicant 3 -Applicant 4 -Applicant 5 -Applicant 6 20 MAY 2044 DATE: under Section 441 of the Companies Act, 2013.

Violation: Section 148(6) of the Companies Act, 2013 for non-filing cost audit report for the year 2014-15 under Rule 6(6) of the Companies (Cost Records and Audit) Rules, 2014. 3. Reference of interim order: No. RD (NWR)/441/010/2023-24 dated 29.04.2024. Compounding fee levied: Sr. | Named Designation of Provision violated | Compounding fee No. | the Applicant for the year. payable by the applicant (In Rs.)

1. | SuniSponge Private Limited 2014-15 1,00,000/-
2. | Anil Nacharani 2014-15 50,000/~
3. | Sanjay Nacharani 2014-15 50,000/~
4. | Jugal Madnani 2014-15 50,000/~
5. | Pushpa Madnani 2014-15 50,000/~

Kavita Nacharani 2014-15 50,000/~ 5. Payment of Compounding fee: Sr. | Name and Designation of | Receipt details Amount paid (In No. | the Applicant Rs.) 1= Suni Sponge Private X74272089 1,00,000/- Limited Dated 14.05.2024 2. | Anil Nacharani X74272493 50,000/// Dated 14.05.2024 + 3 Sanjay Nacharani X74273079 50,000}% Dated 14.05.2024 4. Jugal Madnani X74273723 50,000/- Dated 14.05.2024 5.

d 14.05.2024 2. | Anil Nacharani X74272493 50,000/// Dated 14.05.2024 + 3 Sanjay Nacharani X74273079 50,000}% Dated 14.05.2024 4. Jugal Madnani X74273723 50,000/- Dated 14.05.2024 5. Pushpa Madnani X74273574 50,000/- Dated 14.05.2024 6. Kavita Nacharani X74275074 50,000/~ Dated 14.05.2024 w

Considering the facts and circumstances described in interim order dated 29.04.2024 and payment of compounding fee, the compounding application being SRN F90400425 (GNL-1) is hereby allowed. Company is hereby directed to file this compounding order in prescribed E-form INC-28 with the jurisdictional ROC under the provisions of Section 441(3)(d) of the Companies Act, 2013. Dated this zfiéy of May, 2024 Q/ (G. C. YADAYV) Regional Director NWR)(I/C) Ahmedabad /I./ Suni Sponge Private Limited House No. 11, Jal Vihar Colony, Raipur, Chhattisgarh, India 492001. 2. Anil Nacharani PSM-4, Behind Jai Jawan Petrol, Panchsheel Nagar, Raipur, Chhattisgarh, 492001. 3. Sanjay Nacharani 2326 Civil Lines Raipur, Chhattisgarh, 492001. 4. Jugal Madnani Prem Kunk PSM 4 C/O MP Nacharani Panchsheel Nagar, Civil Lines, Raipur, Chhattisgarh, 492001. 5. Pushpa Madnani PSM Ward No. 31, Panchsheel Nagar, Raipur, Chhattisgarh, 492001. 6. Kavita Nacharani DSM 4, Opp. Jai Jawan petrol Pump, Panchsheel Nagar, Civil Lines, Raipur, Chhattisgarh, 492001. 7. Registrar of Companies, Bilaspur, Chhattisgarh. 8. Master File 9. Office Copy X (ANITA KLAIR) Joint Director For Regional Director 2|Page