Date: November 12, 2026

Board Meeting Outcomes

The Board of Directors meeting held on November 12, 2026 considered and noted:

  • Receipt of NSE Notice Ref. No. NSE/LIST-SOP/FINES/0904 dated August 14, 2026 regarding non-compliance with Regulation 31 of SEBI Listing Regulations
  • The non-compliance pertained to delay in submission of Shareholding Pattern for quarter ended June 30, 2026
  • Levy of fine amounting to ₹56,640 (including GST) for 24 days of delay at ₹2,000 per day
  • Payment of the fine by the Company upon receipt of the notice
  • Requirement to place the matter before the Board and communicate Board's comments to NSE

Regulatory Compliance Issue

Nature of Non-compliance: Delay in submission of Shareholding Pattern for quarter ended June 30, 2026 on NSE platform

Regulation Violated: Regulation 31(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Fine Details: ₹48,000 base fine + ₹8,640 GST (18%) = Total ₹56,640

Period of Delay: 24 days of non-compliance

Board Comments

The Board observed that:

  • The lapse was inadvertent and arose due to an oversight
  • Filing had been made with BSE under the understanding it would be covered under integrated filing mechanism
  • The corresponding filing with NSE was inadvertently missed
  • The Company had submitted a waiver application to NSE which was rejected
  • The Secretarial team had taken appropriate remedial measures to ensure timely compliance
  • The Company remains committed to maintaining high standards of corporate governance

Remedial Actions

  • Payment of the fine of ₹56,640 to NSE
  • Implementation of enhanced internal monitoring mechanisms and compliance controls
  • Board advised Secretarial team to exercise utmost care, diligence and due oversight in future filings
  • Steps being taken to further strengthen the Company's internal compliance framework

NSE Notice Details

Notice Reference: NSE/LIST-SOP/FINES/0904 dated August 14, 2026

SEBI Circular Reference: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 (last updated January 30, 2026)

Potential Consequences for Non-payment: Freezing of promoter shareholding, trading shift to 'Trade for Trade' basis

Waiver Application Requirements: Non-refundable processing fee of ₹10,000 + 18% GST if fine exceeds ₹5,000