Wiscon ROC filing delays reached 1,340 days despite regularisation

Wiscon Industries Limited disclosed delayed Registrar of Companies, or ROC, filings of up to 1,340 days, as well as delayed tax returns and statutory-dues payments. The longest corporate delay was an MGT-14 resolution filing due on October 19, 2022 and filed on June 20, 2026. Wiscon says it has filed delayed forms, paid late fees and regularised the disclosed matters.

How extensive were Wiscon’s ROC filing delays?

Wiscon’s ROC filing delays extended across 33 disclosed entries covering events from September 2022 to May 2026. The Secretarial Due Diligence Report dated July 16, 2026 records delays ranging from one day for a CHG-1 charge modification to 1,340 days for an MGT-14 filing. The ROC is the authority that administers company filings under the Companies Act, 2013, while the Ministry of Corporate Affairs, or MCA, operates the electronic filing system.

The filings included share allotments, auditor appointments, financial statements, annual returns, deposit returns, resolutions, share-capital reconciliation reports and appointments of key managerial personnel. The 1,340-day delay concerned MGT-14, the form used for filing specified company resolutions with the ROC. Wiscon attributed this entry to professional negligence and says the form was filed with an additional fee.

The record includes a 1,313-day delay for an MR-1 return on the appointment of key managerial personnel, a 995-day delay for the 2022-23 DPT-3 return of deposits and an 882-day delay for another MGT-14 resolution filing. These were substantially longer than delays in financial-statement filings, which ranged from 13 days for the financial year 2025-26 AOC-4 XBRL filing to 97 days for the financial year 2023-24 AOC-4 filing. AOC-4 is the financial-statement filing form, while XBRL means eXtensible Business Reporting Language, a standard electronic reporting format.

Which corporate filings were delayed the longest?

Wiscon’s longest stated delay was an MGT-14 filing related to a resolution dated September 19, 2022. The filing was expected by October 19, 2022 but was made on June 20, 2026, a delay of 1,340 days. An MR-1 return for a September 16, 2022 appointment was also filed on June 20, 2026 and was reported as 1,313 days late; Wiscon cited professional negligence for both entries.

MGT-14 filings also show delays in later periods. The table lists a 603-day delay for a resolution dated September 30, 2024, a 396-day delay for a May 8, 2025 resolution and a 265-day delay for an August 30, 2025 resolution. The stated reasons across MGT-14 entries include professional negligence, oversight, inadvertence and MCA technical issues, with each listed as filed with an additional fee.

Share-capital compliance was also delayed. PAS-6, the half-yearly reconciliation of share capital audit report, was filed 481 days late for April 1, 2024 to September 30, 2024 and 299 days late for October 1, 2023 to March 31, 2024. Wiscon attributed both delays to professional negligence, while the PAS-6 filing for September 16, 2022 to September 30, 2022 was 181 days late because an International Securities Identification Number, or ISIN, was unavailable.

The record differs by filing type rather than showing a uniform trend. The DPT-3 delay fell from 995 days for the 2022-23 annual deposit return to 629 days for 2023-24, though both were filed on March 21, 2026. AOC-4 financial-statement delays rose from 59 days for the period from September 16, 2022 to March 31, 2023 to 97 days in financial year 2023-24, then declined to 90 days in financial year 2024-25 and 13 days in financial year 2025-26.

Were Wiscon’s tax returns and statutory payments also late?

Wiscon also disclosed late goods and services tax, or GST, returns, tax deducted at source, or TDS, returns and payments of statutory dues. The GST table records delays of one to 22 days from financial year 2023-24 through financial year 2025-26. The longest GST delays were two 22-day GSTR-3B delays for the Delhi establishment, relating to April 2024 and September 2024; GSTR-3B is the GST summary return.

The reported number of establishments rose from two in financial years 2023-24 and 2024-25 to five in financial year 2025-26. In financial year 2025-26, three of five establishments had delayed filings in the table, including Maharashtra GSTR-1 and GSTR-3B returns for May 2025 filed on June 25, 2026, each reported as two days late. Wiscon attributed GST delays to pending input tax credit, or ITC, reconciliation and technical errors on the filing portal.

The TDS and tax collected at source, or TCS, table shows the longest payment-delay range at 426 to 487 days for three instances in financial year 2024-25 first quarter. The amount payable in that quarter was Rs 0.82 lakh, and the same quarter recorded one Form 26Q filing delay of 404 days. Form 26Q is a quarterly statement for certain non-salary TDS deductions.

What has Wiscon done, and what liability remains?

Wiscon says it has filed delayed statutory returns, paid late filing fees and deposited applicable interest on delayed statutory dues with the relevant authorities. For corporate forms, it says all delays had been regularised and late filing fees paid as of the Red Herring Prospectus date. The company describes most delays as clerical and largely linked to technical glitches, although its tables also identify oversight, inadvertence and professional negligence.

Wiscon says it appointed a compliance officer and instructed its accounting team to prepare GST filings in advance and reconcile GST data with financial records regularly. For TDS and statutory payments, it says internal controls have been strengthened and the compliance officer is intended to handle compliance matters in real time. The company attributed payment delays to reconciliation with customers, delayed bill settlement, administrative matters and portal technical issues.

Regularisation does not remove the disclosed possibility of future action. Wiscon states that no legal proceeding or regulatory action had been initiated against it for delayed ROC filings as of the prospectus date, but says it cannot assure that proceedings or penalties will not arise later. Wiscon also states that issue proceeds, including general corporate purpose funds, will not be used to pay penalties, and that a future demand or penalty could affect its financial position.

Conclusion

Wiscon’s disclosed record combines extended ROC filing delays, including two exceeding 1,300 days, with shorter but repeated GST delays and TDS/TCS payment delays that reached 487 days. The filing categories differ materially: annual-return and financial-statement delays were generally measured in weeks or months, while resolution, deposit-return and key-managerial-personnel filings included delays measured in years.

The next point to watch is whether Wiscon’s stated measures, including a compliance officer, earlier reconciliation and strengthened internal controls, prevent further late filings after financial year 2026-27 first quarter. The prospectus leaves unresolved whether authorities will impose penalties or initiate proceedings despite the company’s statement that filings, late fees and applicable interest have been regularised.