Aditya Ultra Steel Limited — Others, 05-08-2025: Action(s) initiated or orders passed

Aditya Ultra Steel Limited has received a Show Cause Notice from the Registrar of Companies, Ahmedabad, proposing penalties on the company, its directors, and key management personnel. The notice cites various statutory non-compliances, including unfulfilled vacancies for key managerial positions and other regulatory defaults. The total proposed penalty on the company is approximately Rs. 0.28 Crore, representing less than 0.05% of its total turnover as of March 2025. The company and the individuals involved are contesting the notice, seeking a waiver or reduction of the penalty, noting that some alleged non-compliances occurred before individuals were in their current roles.