Recorded RBI impact
Monetary penalty
Monetary penalty · Fresh imposition
Published by RBI
17 Jul 2026
Case Brief
RBI imposed a monetary penalty of ₹3.10 lakh on PAN Emami Cosmed Limited (formerly Midkot Investments Private Limited) for non-compliance with directions on credit / investment concentration norms. The violation sustained by RBI was a breach of the prescribed regulatory limit for credit exposure to a single group of parties. The penalty was issued under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934, following statutory inspection, a show-cause notice, and consideration of the company's reply and oral submissions.
Why RBI Acted
RBI imposed a monetary penalty after a statutory inspection (with reference to the company's financial position as on March 31, 2025) found non-compliance with RBI directions on 'Credit / investment concentration Norms'. The sustained charge was that the company breached the prescribed regulatory limit for credit exposure to a single group of parties. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934, after a show-cause notice and consideration of the company's reply and oral submissions.
Operating Impact
PAN Emami Cosmed Limited must pay the monetary penalty. The order does not by itself impose an operational restriction, but it signals supervisory non-compliance and leaves RBI free to initiate any further action if warranted.
Regulatory Basis
- Section 58G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934
Action Facts
- Primary Impact
- Monetary penalty
- Order Date
- 13 Jul 2026
- Effective From
- 13 Jul 2026
- Entities Affected
- 1
- Entity Role
- Bulk Member
- Entity Type
- NBFC
Related Entities
Entities similar to Midkot Investments Private Limited