Date: May 31, 2026

Board Meeting Outcomes

The Board of Directors of Cambridge Technology Enterprises Limited, at its meeting held on Saturday, May 30, 2026, considered and took note of the following:

  • The Company received a notice dated February 13, 2026 (Ref. No. NSE/LIST-SOP/FINES/0155) from the National Stock Exchange of India Limited (NSE) intimating non-compliance with Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The non-compliance pertained to a delay in the submission of the Shareholding Pattern for the quarter ended December 31, 2025, on the NSE platform.
  • The fine was levied in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 (last updated on January 30, 2026).
  • The Exchange directed the Company to place the matter before the Board and communicate the Board's comments.

Board Comments

The Board was apprised of the reasons and circumstances that led to the delayed submission of the Shareholding Pattern. The Secretarial team had promptly taken remedial steps, including filing a waiver application with the Exchange, which was rejected. The Board took cognizance of the non-compliance and advised the Secretarial team to exercise utmost care and diligence in ensuring timely compliance with all regulatory filing obligations going forward. The Company is committed to strengthening its internal compliance framework and implementing additional checks and controls to prevent recurrence.

Regulatory Action Details

NSE Notice (February 13, 2026)

  • Regulation Violated: Regulation 31(1) of SEBI Listing Regulations
  • Quarter: Ended December 31, 2025
  • Fine amount per day: ₹2,000
  • Days of non-compliance: 23 days (as of notice date)
  • Fine amount: ₹46,000
  • GST @18%: ₹8,280
  • Total payable: ₹54,280
  • The notice warned that failure to pay within 15 days could result in freezing of promoter shareholdings and trading in the 'Trade for Trade' category (Z Category) for consecutive defaults.

Waiver Application and Rejection

  • The company filed a waiver application on February 18, 2026, which was rejected by NSE on April 10, 2026.
  • Company's submissions for waiver:
  • Shareholding Pattern was duly prepared and filed on BSE within timeline
  • Technical issues and inadvertent oversight prevented NSE filing
  • Company did not receive any reminder emails on its designated email ID (cte_secretarial@ctepl.com)
  • No mala fide intention; information was publicly available through BSE filing
  • Company paid processing fee of ₹11,800 (₹10,000 + 18% GST) though only ₹10,800 was received after TDS deduction
  • NSE Committee observations:
  • Five reminder emails were sent to the company's designated email on January 22, 23, 27, 28, and 29, 2026
  • Company could not provide screenshots of technical issues
  • Compliance was achieved only on February 16, 2026, after receiving the review notice
  • The same email ID received the review notice but allegedly not the reminders

Final Fine Calculation

  • Actual delay: 26 days (from due date January 21, 2026 to compliance date February 16, 2026)
  • Fine amount: ₹52,000 (26 days × ₹2,000 per day)
  • GST @18%: ₹9,360
  • Total payable: ₹61,360
  • Payment due date: April 20, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Financial Results

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

No material disclosures under other sections