Nature of the Disclosure
This is a revised disclosure and addendum to a prior corporate announcement, submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). It is in response to an observation from the Exchange regarding the non-mention of applicable SEBI Circular details and an explanation for a delay in submission.
Key Quantitative Figures
BSE Limited imposed a fine of ₹9,440 (inclusive of GST) on the company.
Dates of Action
- Date of BSE Communication: October 30, 2026 (received via email).
- Date of Initial Corporate Announcement: November 07, 2026, at 04:06:02 PM.
- Date of This Revised Disclosure: November 09, 2026.
- Date of Annual Report Submission (as claimed by company): August 27, 2026.
- Payment Deadline: The fine was to be paid within 15 days from the date of BSE's email (October 30, 2026).
Parties Involved
- Regulatory Authority: BSE Limited.
- Listed Entity: ALFA ICA (INDIA) LIMITED (Scrip Code: 530973).
- Company Representative: Himadri Shalin Shah, Company Secretary & Compliance Officer.
Reason for Delay in Initial Disclosure
The initial disclosure under Regulation 30 could not be submitted within the prescribed 24-hour timeline from the receipt of BSE's communication. The delay is stated as inadvertent, caused by the time required for internal verification of facts, assessment of the BSE communication, internal management review, and necessary coordination between the Legal and Secretarial teams.
Details of Regulatory Action
- Authority: BSE Limited.
- Nature of Action: Imposition of a fine.
- Reason for Fine: Alleged non-submission of the Annual Report for the Financial Year 2025–26 within the period prescribed under Regulation 34 of the SEBI LODR Regulations.
- Contravention Details: The company contends that it had submitted the complete Annual Report for FY 2025–26 on August 27, 2026, on the BSE Listing Centre portal.
Financial and Operational Impact
The company states it does not foresee any material impact on its financial position, operations, or other activities, except to the extent of the monetary fine of ₹9,440 (inclusive of GST).
Status of Fine
The company has already made the full payment of ₹9,440 towards the fine. Proof/details of this payment have been communicated separately to BSE Limited.