Date: July 16, 2026
Board Meeting Outcomes
- The Board of Directors noted the one-day delay in filing Related Party Transaction disclosure for half-year ended March 31, 2026
- The Board meeting was held on July 15, 2026 where the delay was discussed
- The Board advised to strengthen internal processes for timely regulatory filing compliance
Regulatory Compliance Disclosure
- The company received fines from both BSE and NSE for delayed compliance with Regulation 23(9) of SEBI Listing Regulations
- The specific requirement was disclosure of Related Party Transactions for half-year ended March 31, 2026
- The filing was due on April 20, 2026 (date of financial results declaration for FY 2025-26)
- Actual filing was completed on April 21, 2026
- Reason for delay: Technical and system-related issues preventing XBRL file upload
Fine Details
- Basic fine amount: ₹5,000 (₹5,000 per day of non-compliance)
- Days of non-compliance: 1 day
- GST @18%: ₹900
- Total fine payable: ₹5,900 inclusive of GST
- Regulation: SEBI Listing Regulations 23(9)
- Period: Half-year ended March 31, 2026
Exchange Notices
- NSE notice reference: NSE/LIST-SOP/FINES/0717 dated June 30, 2026
- BSE notice reference: SOP-Review-30/06/2026 dated June 30, 2026
- Both exchanges warned of potential freezing of entire promoter shareholding if fine not paid within 15 days
- Waiver application process requires non-refundable processing fee of ₹10,000 + 18% GST if fine exceeds ₹5,000
Payment Instructions
- BSE virtual bank account: ICICI Bank Ltd., CMS Branch, Account No. BSER13997, IFSC: ICIC0000104
- NSE bank details: IDBI BANK LTD, Bandra Kurla Complex Branch, RTGS/IFSC: IBKL0001000
- Payment to be made via RTGS/NEFT/Net Banking
Company Commitment
- The company committed to ensuring timely compliance with all applicable regulatory requirements
- Pledged to make all future filings within prescribed timelines