Luxury Time Limited pays Rs 6.00 lakh in compounding fees for defaults related to financial statements

Luxury Time Ltd. remains flat at Rs 72.7, as the stock has declined 4.13% over the last week.

Luxury Time Limited has received a final Compounding Order dated September 21, 2026, from the Office of the Regional Director (Northern Region-I) of the Ministry of Corporate Affairs, concerning a default under Section 129 of the Companies Act, 2013 related to the non-preparation and filing of consolidated financial statements for its joint venture spanning the financial years 2019-20 through 2023-24; 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 6,00,000, while Luxury Time Limited is not liable for any compounding fee, and the company will file Form INC-28 with the Registrar of Companies as directed by the order.

Trading volume reached 17600 shares today, a decrease of 81.36% compared to the one-week average volume. Luxury Time Ltd remained flat year-over-year, outperforming the NIFTY50 index's 9.72% loss.