Date: August 14, 2026

Board Meeting Outcomes

  • The Board of Directors met on August 14, 2026.
  • The Board discussed and noted the matter of non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The non-compliance was for the non-submission of Audited Financial Results for the year ended March 31, 2026.
  • The Board noted correspondence from the National Securities Depository Limited (NSDL) dated July 27, 2026, regarding the freezing of the promoter's demat account for this non-compliance.
  • The Board noted that the non-submission occurred because the company's subsidiaries, Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE), had not submitted their Audited Financial Results for the year ended March 31, 2026.
  • The Board emphasized that going forward, prescribed timelines and compliances should be strictly adhered to.

Financial Results (Standalone & Consolidated)

  • The company has not submitted its Consolidated audited financial results for the year ended March 31, 2026.
  • The company has submitted its Standalone financial results for the year ended March 31, 2026. These were submitted on May 28, 2026.
  • The company has submitted its Standalone financial results for the quarter ended June 30, 2026. These were submitted on August 14, 2026.
  • The company will publish its Consolidated Results once they are made available by the subsidiary companies (NICE and NECE).

Regulation, Compliance & Legal

  • The National Stock Exchange of India Ltd. (NSE) identified a non-compliance with Regulation 33 for the quarter/half-year ended March 31, 2026.
  • The NSE levied a fine for this non-compliance. The initial fine notice (dated June 30, 2026) calculated the penalty at ₹145,000 plus 18% GST (₹26,100), for a total of ₹171,100. This was based on 29 days of non-compliance at ₹5,000 per day.
  • A reminder notice from the NSE (dated July 16, 2026) stated the fine had increased to ₹225,000 plus 18% GST (₹40,500), for a total of ₹265,500. This was based on 45 days of non-compliance.
  • The NSE's reminder notice was addressed to the company's promoter, Babasaheb Neelkanth Kalyani.
  • The NSE warned that failure to comply or pay the fine would lead to the freezing of the entire shareholding of the promoters in the company and in other securities held in their demat accounts.
  • The NSE also warned that trading in the company's securities could be shifted to a 'Trade for Trade' basis (Z Category) in case of consecutive defaults.
  • The company was required to place these NSE communications before its Board of Directors, which was done at the August 14, 2026 meeting.