Unitec Fibres filed 2015 share forms nearly 11 years late

Unitec Fibres filed Form MGT-14 for an April 2015 resolution to issue 50,00,000 shares 4,002 days later, and filed the associated PAS-3 allotment form 3,910 days late. The company’s June 2026 due-diligence disclosure also records a 1,305-day MSME-1 delay and a 585-day auditor-resignation filing delay.

Why did Unitec Fibres file 2015 share forms nearly 11 years late?

Unitec Fibres said oversight in tracking statutory timelines and an administrative lapse caused both delayed share-form filings. Form MGT-14, covering a board resolution for issuance of 50,00,000 shares dated April 1, 2015, was filed on March 16, 2026 after 4,002 days. Form PAS-3, covering the further allotment of 50,00,000 equity shares dated June 29, 2015, was filed on March 17, 2026 after 3,910 days.

The two share-related forms were the longest delays among the 27 entries in Unitec Fibres’ corporate-record table. The instances were identified in a secretarial due-diligence report dated June 23, 2026 issued by Shailashri Bhaskar, Practicing Company Secretary. The disclosure attributes the lapses to tracking and administration, rather than identifying a transaction dispute, a missing approval or a regulator’s finding.

What other Registrar of Companies filings were delayed?

Unitec Fibres reported 25 other delayed corporate forms filed with the Registrar of Companies, or RoC, with disclosed delays ranging from one day to 1,305 days. Two filings relating to charges, which record security interests, were delayed by 200 days and 68 days. The CHG-1 modification of charge dated April 18, 2025 was filed on December 6, 2025, while a CHG-1 creation of charge dated January 22, 2023 was filed on March 29, 2023; Unitec Fibres cited coordination with bank authorities in both cases.

The company also listed two PAS-6 half-yearly statements of holdings in dematerialised form, delayed by 222 days and 148 days. The May 31, 2024 statement was filed on January 8, 2025, while the May 31, 2025 statement was filed on October 25, 2025. Unitec Fibres said both were identified during internal review and subsequently filed. Its DPT-3 return of deposits dated June 30, 2023 was 154 days late, compared with a 26-day delay for the June 30, 2024 return.

Auditor and audit-report forms show a range of delays. An ADT-1 form for appointment of a statutory auditor dated October 15, 2023 was filed 13 days late, but an ADT-1 appointment dated September 30, 2025 was filed 205 days late on May 8, 2026. The ADT-3 form relating to a statutory auditor’s September 12, 2024 resignation was filed 585 days late. Cost-audit report filings under CRA-4 were delayed by 81 days for financial year 2022-23 and 135 days for financial year 2023-24 because of delay in finalisation of the audit report.

How broad were Unitec Fibres’ MSME-1 filing delays?

Unitec Fibres disclosed eight delayed MSME-1 forms, with the oldest reporting period delayed by 1,305 days. The April-to-September 2022 form, dated October 31, 2022, was filed on May 8, 2026. Unitec Fibres attributed this delay, and the 1,124-day delay for the October-to-March 2023 form, to oversight in tracking statutory timelines and an administrative lapse.

The delays declined across later reporting periods: 979 days for April-to-September 2023, 759 days for October-to-March 2024, 575 days for April-to-September 2024, 394 days for October-to-March 2025, 210 days for April-to-September 2025 and 29 days for October-to-March 2026. All seven forms after the April-to-September 2022 filing were submitted in May 2026. The lower delay figures therefore reflect progressively later underlying due dates, not a series of filings made over several later months.

Did statutory-payment and tax-return delays extend beyond corporate forms?

Unitec Fibres also reported delayed Goods and Services Tax, employee-contribution and tax-deduction or tax-collection filings across financial years 2023-24 to 2025-26. Listed Goods and Services Tax return delays ranged from one day to 15 days. The 15-day entries concerned a September 2025 GSTR-3B return for Maharashtra and the financial year 2024-25 GSTR-9C filing for Gujarat, filed on January 15, 2026.

Employee State Insurance Corporation, or ESIC, delays were longer in several disclosed entries. Unitec Fibres reported a 305-day delay for Rs 656 relating to October 2023, paid on September 15, 2024, and a 203-day delay for Rs 819 relating to July 2023, paid on March 5, 2024. For Employees’ Provident Fund payments, the table includes a 59-day delay for Rs 1,000 relating to August 2023 and a 58-day delay for Rs 4,000 relating to December 2023. Unitec Fibres cited approval procedures, customer-account reconciliation, bill-settlement delays and administrative or portal technical issues.

What corrective actions and remaining risks did Unitec Fibres disclose?

Unitec Fibres said it filed the corporate forms with applicable additional fees and filed all due statutory returns with late-filing fees. The company also said it appointed a compliance officer and strengthened internal controls and compliance-monitoring systems, including tracking mechanisms and timelines for statutory-payment verification and approval. These measures address the stated causes only if due dates, approvals and filings are monitored on an ongoing basis.

As of the date of its Red Herring Prospectus, Unitec Fibres said no legal proceedings or regulatory actions had been initiated relating to the stated corporate non-compliances, incorrect filings or delays. It also said it could not assure that proceedings, penalties or other measures would not arise later. No proceeds from the share issue, including the general corporate purposes portion, may be used to pay principal, interest, penalties, fines or related liabilities resulting from the non-compliances.

Conclusion

Unitec Fibres’ disclosed record extends beyond two 2015 share forms: the 4,002-day MGT-14 and 3,910-day PAS-3 delays sit alongside an MSME-1 delay of 1,305 days, a 585-day auditor-resignation filing delay and statutory-payment delays reaching 305 days. The company has reported that the relevant forms and returns were filed, but possible regulatory action remains unresolved.

The next point to watch is whether the compliance officer, tracking mechanisms and strengthened monitoring systems disclosed by Unitec Fibres prevent further late filings after the May 2026 catch-up activity. Regulatory proceedings or penalties also remain a disclosed uncertainty, and Unitec Fibres has stated that share-issue proceeds will not be used for liabilities arising from these non-compliances.