Date: 17th August, 2026
Regulatory Compliance Update
Fine Imposition Details
- BSE Limited and National Stock Exchange of India Limited imposed fines of ₹1,00,300/- each (inclusive of GST) on 30th June, 2026
- Fine imposed for non-compliance under Regulation 33 of the Listing Regulations
- Initial intimation letter sent by company on 1st July, 2026
Board Review and Response
- Board meeting held on 14th August, 2026 to review the non-compliance incident
- Board determined the non-compliance was not intentional
- Cited reason: Health issues of Mr. Gautam Jain, Chief Financial Officer (CFO)
- Health issues led to cancellation of Board Meeting scheduled for Saturday, 30th May, 2026
Company Assurance
- Company states it has always endeavored to comply with applicable regulations
- Necessary steps already undertaken to strengthen processes
- Measures implemented to avoid similar inadvertent delays in future