Key Quantitative Figures

  • Fine amount: ₹75,000 (Rupees Seventy-Five Thousand only)
  • Fine is exclusive of applicable GST
  • Financial period involved: ended March 31, 2026

Dates of Action

  • June 30, 2026: BSE issued notice of non-compliance and imposed fine
  • August 13, 2026: Board of Directors meeting held to note the matter

Parties Involved

  • Exato Technologies Limited (the Company)
  • BSE Limited (the Stock Exchange)
  • Department of Corporate Services, BSE Limited
  • Board of Directors of Exato Technologies Limited
  • Management and Compliance Officer of Exato Technologies Limited
  • Geeta Jain, Company Secretary & Compliance Officer (Membership No. A13938)

Purpose and Rationale

The disclosure provides the Board's response to the fine levied by BSE for alleged non-compliance with Regulation 33 of SEBI LODR Regulations. The company explains that the lapse was due to submitting financial results in quarterly format without including the requisite half-yearly figures, despite being an SME entity required to submit only half-yearly results.

Actions Taken

1. The company received the notice on June 30, 2026

2. Immediately took corrective action by submitting revised financial results incorporating the requisite half-yearly figures

3. Submitted representation and clarification to the Stock Exchange explaining that:

  • The company had been voluntarily following more frequent quarterly reporting
  • The lapse was inadvertent and procedural in nature
  • There was no intention to avoid or disregard regulatory requirements

4. Submitted an application to the Stock Exchange seeking waiver of the fine (currently under consideration)

5. Board meeting held on August 13, 2026 to note the matter

Financial Impact

The fine of ₹75,000 plus applicable GST represents a confirmed financial liability, though the company has applied for waiver.

Governance Actions

The Board of Directors has advised the management and Compliance Officer to further strengthen the internal compliance and monitoring framework to prevent recurrence of any such procedural lapse.

Company Position

The company states it has always endeavored to comply with all applicable laws, rules and regulations and remains committed to maintaining the highest standards of regulatory compliance.