Date: August 14, 2026
Board Meeting Outcomes
The Board of Directors considered communications received from BSE Limited and National Stock Exchange of India Limited dated June 30, 2026, regarding levy of fine for delayed submission of disclosure of Related Party Transactions under Regulation 23(9) of SEBI LODR Regulations for the half-year ended March 31, 2026.
Regulatory Compliance & Fine Details
- The Company was fined ₹47,200 by each exchange (BSE and NSE) for delayed compliance with Regulation 23(9) regarding Related Party Transactions disclosure for half-year ended March 31, 2026.
- The fine breakdown was ₹40,000 basic fine (₹5,000 per day for 8 days of non-compliance) plus ₹7,200 GST at 18%.
- The Company paid both fines in full on July 1, 2026.
- The delayed disclosure was subsequently made by the Company.
Board Assessment & Comments
- The Board noted that the delay was inadvertent and procedural in nature.
- The Board determined the delay did not have any material impact on the financial position, operations or business of the Company.
- The Board stated the delay did not result in any prejudice to the interests of shareholders, investors or other stakeholders.
- The Board noted the Company has consistently attached due importance to compliance with applicable provisions of Companies Act, SEBI Regulations and regulatory requirements.
- The Board views this as an inadvertent procedural lapse that does not reflect the Company's overall approach towards compliance.
- The Board has advised that existing compliance processes continue to be monitored with appropriate care to avoid recurrence.
- The Board reaffirmed its commitment to maintaining the highest standards of corporate governance, transparency and regulatory compliance.