India, Feb. 5 -- The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 lakh on Vinayaka Capsec Private Limited for non-compliance with regulatory directions related to the 'Acquisition of Shareholding or Control'.
The penalty was levied through an order dated February 4, 2026, under the provisions of the Reserve Bank of India Act, 1934. RBI said supervisory correspondence with the company revealed lapses in adherence to its prescribed norms.
According to the central bank, the company failed to obtain prior written approval from RBI for a change in shareholding exceeding 26% of its paid-up equity capital. Following this, a show-cause notice was issued, and after reviewing the company's response and oral submissions during ...