Date: September 29, 2026
Regulatory Compliance Disclosure
The Company received an email dated September 28, 2026 from National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) regarding non-compliance with Regulation 33 of the SEBI Listing Regulations.
Nature of Non-Compliance
- The non-compliance occurred due to the failure of the Company's subsidiaries, Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE), to submit their Unaudited Financial Results for the quarter ended June 30, 2026 to the Company
- This delay prevented the timely submission of Consolidated Financial Results for Q1 FY2027
- The Company had previously intimated the stock exchanges about this delay via letter dated August 14, 2026
Financial Penalties Imposed
- NSE levied a fine of ₹2,53,700/- (inclusive of GST)
- BSE levied a fine of ₹1,00,300/- (inclusive of GST)
- Total fines: ₹3,54,000/-
Payment Details
- For NSE: ₹1,53,400/- was paid on September 11, 2026; remaining ₹1,00,300/- paid on September 29, 2026
- For BSE: Full amount of ₹1,00,300/- paid on September 29, 2026
- Payment due date was October 13, 2026 (15 days from notice)
- No delay or default in payment occurred
Impact Assessment
- The Company states there is no material impact on financials, operations, or other activities
- The impact is not quantifiable in monetary terms