NORTHARC2026-08-15NORTHARC2026-08-15ActionsTakenOrOrdersPassedDomain1NORTHARC2026-08-15ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain1NORTHARC2026-08-15SignatoriesDomain1iso4217:INRxbrli:pureNORTHARCNORTHERN ARC CAPITAL LIMITED544260NOTLISTEDINE850M01015NewAction(s) taken or orders passed (sub-para 20)false2026-08-1416:22:002026-08-15Imposition of fine or penaltyRegulatory AuthorityRBI1Listed Entity (Self)NORTHERN ARC CAPITAL LIMITEDSpeaking Order dated August 14, 2026RBI, in exercise of the powers conferred under Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934, imposed a penalty of Rs. 6.20 Lakhs vide the above-mentioned speaking order.2026-08-14(i) The company failed to comply with reserve Bank of India's (RBI) direction on 'Disclosures in Financial Statements- Notes to Accounts', when it disclosed only 938 customer complaints instead of 23,956 customer complaints in the Notes to Accounts of Annual Financial Statements. (ii) The company failed to comply with the RBI's directions on 'Procedure for Complaint Redress by lnternal Ombudsman', when it failed to ensure auto-escalation of 11,109 complaints, that were partly or wholly rejected by the company's internal grievance redress mechanism, to the lnternal Ombudsman.31-03-2025620000(i) The company failed to comply with RBI's direction on 'Disclosures in Financial Statements- Notes to Accounts', when it disclosed only 938 customer complaints instead of 23,956 customer complaints in the Notes to Accounts of Annual Financial Statements. (ii) The company failed to comply with the RBI's directions on 'Procedure for Complaint Redress by lnternal Ombudsman', when it failed to ensure auto-escalation of 11,109 complaints, that were partly or wholly rejected by the company's internal grievance redress mechanism, to the lnternal Ombudsman.620000620000NilThe Company has undertaken necessary corrective action to address the issue.Prakash Chandra PandaCompany Secretary2026-08-15Chennai