This document constitutes a regulatory disclosure to BSE Limited regarding the resolution of a compliance matter related to SEBI LODR Regulations.

The disclosure addresses a fine of ₹1,22,720 (inclusive of GST) levied by BSE Limited under Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fine was imposed via BSE's email reference SOP-Review/30-10-2026 dated October 30, 2026, issued under Chapter VII(A) of the SEBI Master Circular.

The compliance issue arose because the company's Annual Report for FY 2025-26, together with the Notice of the 17th Annual General Meeting, was submitted to the Exchange on July 31, 2026, but was inadvertently filed under the AGM corporate announcement category instead of the prescribed Regulation 34(1) Annual Report module.

The company rectified this filing error on October 31, 2026 (Announcement ID 14726206) and simultaneously sought waiver of the levied fine. In response to a subsequent email from the Exchange dated November 3, 2026, the company submitted proof of dispatch of the Annual Report to shareholders.

BSE Limited granted complete waiver of the ₹1,22,720 fine via email dated November 11, 2026.

The Board of Directors considered this matter at its meeting held on November 14, 2026, from 2:00 P.M. to 4:00 P.M. at the company's registered office in Amritsar. The Board noted the sequence of events and expressed appreciation for the Exchange's decision to grant complete waiver of the fine.

The Board approved and adopted corrective measures recommended by the Audit Committee to prevent recurrence:

  • Filing of the Annual Report under the Regulation 34(1) module before dispatch to members commences
  • Verification of the filing category of every statutory filing by the Company Secretary with counter signature by the Whole-time Director & CFO before submission
  • Updating of the Secretarial Compliance Calendar accordingly

These corrective measures were implemented with immediate effect from November 14, 2026.

Mrs. Gurpreet Kaur, Company Secretary & Compliance Officer (ACS: A41866), was authorized to file the Board's comments with BSE Limited together with a certified true copy of the resolution.

The financial impact of the original fine was potentially ₹1,22,720, but this amount was completely waived by BSE Limited, resulting in no financial outflow for the company.