Key Quantitative Figures
- Fine amount: ₹9,440 (inclusive of 18% GST)
- Basic fine component: ₹8,000
- GST component: ₹1,440
- Fine calculated at ₹2,000 per day until compliance date
Dates of Action
- BSE fine notification date: October 30, 2026
- Payment date: November 6, 2026
- Board meeting date: November 7, 2026
- Payment deadline: Within 15 days from October 30, 2026
Payment Details
- UTR Number: SBIN426310278355
- Virtual Bank Account: BSER07518 (ICICI Bank Ltd.- CMS Branch)
- IFSC Code: ICIC0000104
- Bank: State Bank of India (based on UTR prefix)
Board Actions and Observations
1. Formal Note of Fine: The Board took formal note of the ₹9,440 fine levied by BSE Limited under Regulation 34 of SEBI (LODR) Regulations, 2015, and confirmed payment was made on November 6, 2026.
2. Review of Circumstances: The Board reviewed the reasons for the delay in filing the Annual Report and expressed concern over the procedural lapse.
3. Corrective Measures: The Board strongly advised management and compliance team to:
- Exercise utmost diligence
- Strengthen internal tracking mechanisms
- Ensure strict adherence to all regulatory timelines under SEBI (LODR) Regulations, 2015
- Prevent recurrence of such non-compliance
Additional Compliance Matters
- Regulation 43A (Dividend Distribution Policy disclosure): No fine levied (₹0)
- Total fine payable: ₹9,440 (only for Regulation 34 non-compliance)
Consequences of Non-Compliance
- Failure to pay fines within 15 days may result in freezing of entire promoter shareholding
- Second consecutive year of non-compliance with Regulation 34 would result in:
- Transfer to Z group
- Suspension of trading of equity shares
Financial Impact
Financial impact quantified as ₹9,440 penalty payment. No additional financial impacts disclosed.