Ahluwalia Contracts Receives SEBI Warning Letter

Ahluwalia Contracts India Limited received an administrative warning letter from SEBI dated July 9, 2024, for non-compliance with LODR Regulations.
SEBI identified a 270-day gap between Risk Management Committee meetings held on February 13, 2023, and November 10, 2023, violating the 180-day maximum requirement.
The company acknowledged the non-compliance as unintentional and assured future adherence to Regulation 21(3C) of SEBI LODR Regulations.
SEBI instructed the company to place the warning letter before its Board of Directors and disseminate it to stock exchanges.