Paramount Syntex reports repeated statutory filing delays

Paramount Syntex disclosed repeated delays in statutory filings across tax, labour and corporate-registry obligations. The longest listed lapse was a 449-day delay in filing Form CSR-2 with the Registrar of Companies, while Paramount Syntex also reported 19 delayed goods and services tax, or GST, returns and delays in PF, ESIC and TDS filings.

How extensive are Paramount Syntex's statutory filing delays?

Paramount Syntex's disclosure records filing delays across at least five compliance categories, rather than identifying one isolated event. The categories are GST returns, PF returns, Employees' State Insurance Corporation, or ESIC, returns, tax deducted at source, or TDS, returns, and forms filed with the Registrar of Companies, or RoC. Paramount Syntex said past delays in GST, Employees' Provident Fund, or EPF, ESIC and TDS filings were mainly caused by reconciliation errors.

The disclosed record spans financial years 2020-21 through 2025-26 for RoC forms, and financial years 2022-23 through 2025-26 for the tax and labour-return tables. Paramount Syntex said it had regularised the stated delayed tax and labour filings and had been subjected to penalties and interest for delayed tax deposits in those instances. The disclosure does not quantify the penalties or interest paid.

The compliance risk arises because a late filing can expose Paramount Syntex to regulatory proceedings, fines or other consequences even after a return has been filed. Paramount Syntex stated that it cannot assure investors that regulators will not initiate action for all past instances or that it will be able to defend any action. As of the Red Herring Prospectus date, Paramount Syntex said no notices had been issued in relation to the RoC discrepancies and non-compliances described.

What do Paramount Syntex's delayed GST returns show?

Paramount Syntex listed 19 delayed GST returns, with the longest delay being 153 days for the 2023-24 annual GSTR-9C return. GSTR-9 and GSTR-9C are annual GST filings, while GSTR-3B is the return type listed for Paramount Syntex's monthly GST delays. The 153-day GSTR-9C delay was filed on June 2, 2025, according to the disclosure.

Of the 19 GST entries, 16 concerned GSTR-3B and three concerned annual returns. The GSTR-3B delays ranged from two days for the December 2024-25 return to 36 days for the April 2025-26 return, filed on May 26, 2025 against an April 20, 2025 due date. The annual filings included a six-day GSTR-9 delay and a 37-day GSTR-9C delay for 2022-23, alongside the 153-day 2023-24 GSTR-9C delay.

The pattern changed in scale between periodic and annual GST compliance. Monthly GSTR-3B delays were measured between two and 36 days, whereas the 2023-24 annual GSTR-9C filing was delayed by 153 days. Paramount Syntex attributes the broader history of GST, EPF, ESIC and TDS delays mainly to reconciliation errors, so sustained improvement would depend on accurate reconciliation and timely submission of returns.

Which PF, ESIC and TDS returns were delayed?

Paramount Syntex listed four delayed PF filings, three delayed ESIC filings and one delayed TDS filing. The longest delay in the PF and ESIC tables was 30 days, while the sole TDS entry, Form 26Q for the first quarter of 2023-24, was filed 42 days after its July 31, 2023 due date, on September 11, 2023.

The PF table records delays of seven, 12, 30 and 14 days. It lists a 30-day delay for the October 2025-26 PF return, shown as filed on December 15, 2025 against a November 15, 2025 due date. The same table contains two entries for the November 2025-26 PF return, delayed by 12 and 14 days respectively, as presented in the Red Herring Prospectus.

The ESIC table records a two-day delay for January 2023-24 and delays of 30 and 14 days for October and November 2025-26. These entries show that the disclosed labour-compliance delays extended into 2025-26, rather than being confined to the earlier 2023-24 period. Paramount Syntex said it uses a detailed compliance calendar covering applicable laws, but also acknowledged that internal-control deficiencies or similar errors could recur.

How long were Paramount Syntex's RoC filing delays?

Paramount Syntex listed 32 delayed RoC filings over the last five years, with delays ranging from three days to 449 days. The longest delay concerned Form CSR-2, shown under 2025-26 as filed on January 21, 2026, against an October 29, 2024 due date. The 449-day lapse was longer than any other listed RoC delay.

The RoC filing record includes DPT-3, MSME-1, GNL-2, CHG-1, DIR-12, AOC-4, AOC-4 CFS, ADT-1, INC-27, MR-1, MGT-7, AOC-4 XBRL, CSR-2 and MGT-14 forms. DPT-3 was delayed by 443 days in 2020-21, while MGT-14 filings listed in 2025-26 were delayed by 324 and 327 days. AOC-4 and MGT-7 entries filed in 2025 were delayed by 239 and 263 days respectively.

The delays became more numerous and included several lengthy cases in the 2025-26 entries. Of the 32 filings, 12 were listed under 2025-26, including delays of 449, 327, 324, 263, 263, 239, 99, 99, 98, 83 and 65 days, plus an eight-day ADT-1 delay. By comparison, the 2022-23 entries ranged from three to 32 days, although the 2023-24 DPT-3 filing was delayed by 120 days.

Paramount Syntex also disclosed clerical oversights, irregular data entries, missing attachments and unsigned or unstamped documents in some RoC forms. A search report from Shivam Goyal & Associates dated May 1, 2025 identified discrepancies and other Companies Act, 2013 non-compliances, while Paramount Syntex said RoC had taken no action for the inaccurate filings identified in that report. Paramount Syntex said it is taking steps to make future submissions accurate, complete and properly authenticated.

Conclusion

Paramount Syntex's compliance disclosure describes recurring late filings across corporate, tax and labour obligations, with the 449-day CSR-2 delay and 443-day DPT-3 delay standing apart from the shorter GST, PF and ESIC lapses. The listed record shows both repeated periodic-return delays and longer RoC filing gaps, while Paramount Syntex attributes the tax and labour lapses mainly to reconciliation errors.

The next point to watch is whether Paramount Syntex's stated compliance calendar and corrective steps prevent further late filings, particularly after the cluster of 12 delayed RoC forms listed for 2025-26. Regulatory action remains unresolved: Paramount Syntex said no RoC notices had been issued as of the prospectus date, but it also said authorities may issue notices or impose penalties in the future.