ADF FOOD LTD – FMCG Company for Next Decade

Alleged contravention of Section 196 of the Companies Act, 2013 read with clause (e) of Part
– 1 of the Schedule V of the Companies Act,2013 by the Company and its Officers in Default.
A penalty under Section 456 of the Companies Act, 2013 is imposed on the Company and
Officers in Default for violation of Section 196 read with Schedule V of the Companies Act,2013 as follows:

1. ADF Foods Limited – Rs. 2,00,000.
2. For four Officers in Default – Rs. 50,000 each
   Company has received an order of adjudication of penalty of Rs. 4,00,000/- (Rupees Four Lakh Only), from the Registrar of Companies ROC

Companies (ROC) – Gujarat and Adjudicating Officer, under Section 454(3) of the Companies
Act, 2013 read with Rule 3 of the Companies (Adjudication of Penalties) Rules, 2014 for violation of provisions of Section 196 read with clause (e) of Part I of Schedule V of the Companies Act, 2013.