Perfect-Octave Media Faces ₹0.18 Crore Fine for Historical Non-Compliances

Perfect-Octave Media Projects Ltd. has reported a net fine liability of ₹0.18 crore (₹18.10 lakh) for the year ended March 31, 2026, primarily due to historical non-compliances.

Reader Takeaway: A ₹0.18 crore fine liability and accumulated losses present challenges, but ongoing corrective actions show management focus.

What just happened

The company's Annual Secretarial Compliance Report for the fiscal year ending March 31, 2026, prepared by Practising Company Secretary Mr. Anirudh Kumar Tanvar, highlights ongoing issues from 2014 to 2024. These include late submissions of Shareholding Patterns, non-appointment of a Company Secretary, delayed financial results, and failure to publish advertisements in newspapers as required by SEBI regulations.

The total fine includes ₹0.15 crore (₹15.34 lakh) in basic fines and ₹0.03 crore (₹2.76 lakh) as GST at 18%, bringing the net fine payable to ₹0.18 crore (₹18.10 lakh) as of May 30, 2026.

Why this matters

These historical non-compliances and the resulting fine liability add financial pressure to a company already grappling with significant accumulated losses. Management has stated that these financial constraints have hindered the company's ability to comply with all regulatory requirements, such as publishing advertisements in newspapers (Regulation 47 of SEBI LODR Regulations). Currently, the company is opting to publish results on its website and the BSE website to conserve cash.

The backstory

While the company is actively contesting fines related to past management, it is settling other fines incurred under current operations. This suggests a dual approach to addressing its legacy and ongoing compliance issues. The period of non-compliance spans a decade, from 2014 to 2024, indicating deep-rooted administrative and disclosure challenges.

What changes now

Perfect-Octave Media Projects Ltd. is in a corrective process to resolve these historical issues. The company's strategy involves managing its cash flow by leveraging digital platforms for disclosures and actively contesting legacy fines. Investors will need to monitor the progress of this corrective action plan and the company's financial recovery.

Risks to watch

Key risks include the company's ability to clear the ₹0.18 crore fine liability while managing its accumulated losses. Continued non-compliance could lead to further penalties or regulatory scrutiny. The company's financial health remains a critical factor in its ability to meet all statutory obligations.

Context metrics (time-bound)

• Net Fine Liability: ₹0.18 crore (₹18.10 lakh) as of May 30, 2026, for the year ended March 31, 2026.
• Period of Non-compliance: 2014-2024.
• Disclosure Method: Publishing results on the company and BSE websites instead of newspapers due to financial constraints.