Key Quantitative Figures
- Fine imposed: ₹5,900 (including 18% GST) for late submission of related party transactions disclosure
- Basic fine amount: ₹5,000
- GST component: ₹900
- The fine was prescribed at ₹5,000 per day until compliance was achieved
Dates of Action
- BSE notice date: June 30, 2026
- Fine payment date: July 3, 2026
- Board meeting date: August 12, 2026
- Reference period for non-compliance: Half year ended March 31, 2026
Parties Involved
- Regulatory authority: Bombay Stock Exchange Limited (BSE)
- BSE representatives: Harshad Naik (Manager, Listing Compliance), Reena Raphel (Manager, Listing Compliance)
- Company representative: Rajesh Mundhra (Whole Time Director, DIN: 00658649)
Reason for Non-Compliance
The delay in filing the related party transaction disclosure was attributed to an "inadvertent technical glitch" that resulted in the filing not being completed within the prescribed timeline.
Board Action
The matter was placed before the Board of Directors at its meeting held on August 12, 2026. The Board has taken note of the same and advised to minimize the possibility of recurrence of such instances in the future and ensure timely compliance with applicable provisions of the Listing Regulations.
Payment Details
The company paid the fine amount of ₹5,900 to BSE on July 3, 2026. The payment was made to BSE's virtual bank account dedicated to SOP fines:
- Account Name: BSE Limited
- Bank: ICICI Bank Ltd.- CMS Branch
- Virtual Account No.: BSER12278
- IFSC Code: ICIC0000104
Consequences of Non-Payment
As per SEBI SOP Master Circular, failure to pay fines within 15 days from the date of the letter would result in freezing of the entire shareholding of the promoter in the entity as well as all other securities held in the demat account of the promoter.
#Tags: #ARCLOrganics #SEBILODR #RegulatoryCompliance #BSEFine #RelatedPartyTransactions