Key Quantitative Figures
The company has been levied a total fine of ₹96,760, comprising a basic fine of ₹82,000 plus 18% GST of ₹14,760.
Dates of Action
- Date of fine imposition/communication receipt: August 25, 2026
- Date of compliance rectification: May 12, 2026
- Quarter of violation: Quarter ended June 30, 2026
- Period of delay: 41 days
Parties Involved
- Regulatory authorities: BSE Limited (BSE) and National Stock Exchange of India Limited (NSE)
- Company representative: Ashish Jha, Company Secretary & Compliance Officer (FCS: 11326)
Details of Violation
Delayed compliance with Regulation 17(1A) of SEBI (LODR) Regulations, 2015 pertaining to the appointment/continuation of a Non-Executive Director who has attained the age of 75 years.
Financial Impact
There is no material impact on the financials, operations, or other activities of the Company, except for the payment of the fine amount of ₹96,760, which is being deposited.
Current Status
The underlying compliance under Regulation 17(1A) has already been complied with and made good on May 12, 2026. The fine has arisen as part of the routine quarter-end SOP review process for the quarter ended June 30, 2026.