This is a regulatory disclosure filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January 2026. The disclosure pertains to fines levied by BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE) for non-compliance with listing regulations.

Nature of the Event

The company received fines from both stock exchanges for failure to provide prior intimation of a Board meeting convened to consider certain matters, specifically a violation of Regulation 29 of the Listing Regulations.

Key Quantitative Figures and Dates

  • Fine Amount: A total fine of ₹11,800 was levied (₹10,000 basic fine + ₹1,800 GST @ 18%).
  • Date of Fine Imposition: Notices were issued by the exchanges on 13th March 2026.
  • Date of Fine Payment: The company paid the fine on 16th March 2026.
  • Date of Non-Compliant Board Meeting: The board meeting for which prior intimation was not provided was held on 10th February 2026. This meeting considered the declaration of an interim dividend.
  • Date of Board Review: The company's Board of Directors reviewed the matter at its meeting held on 25th May 2026.

Parties Involved

  • Regulators: BSE Limited and National Stock Exchange of India Limited (NSE).
  • Company Officials: The Board of Directors and Key Managerial Personnel of Ddev Plastiks Industries Limited.
  • Compliance Team: Directed to monitor statutory filings.

Purpose and Rationale

The lapse occurred because the matter of declaring an interim dividend was taken up directly at the 10th February 2026 meeting in view of the company's improved performance and the intention to distribute profits to shareholders. The board noted the lapse was unintentional and a first instance of such non-compliance.

Financial Impact

The financial impact is quantified. A fine of ₹11,800 was paid, representing a cash outflow for the company.

Board Directive and Forward-Looking Action

The Board advised Key Managerial Personnel to ensure strict and timely compliance with all applicable regulatory requirements going forward. The compliance team has been directed to closely monitor all statutory filings and obligations to prevent a recurrence of such instances.

Consequences of Non-Payment

The exchanges' notices stated that failure to pay the fine within 15 days could lead to the initiation of action to freeze the entire shareholding of the promoter in the entity as well as all other securities held in the promoter's demat account.