Filatex Fashions received notices from NSE and BSE imposing fines totaling ₹80,240 for alleged non-compliance with SEBI LODR Regulation 6(1).
The fines are for alleged delayed appointment of a qualified Company Secretary as Compliance Officer, with each exchange levying ₹40,120 including GST.
The company is examining the notices and will place the matter before its Board of Directors in the ensuing meeting.
The financial impact is limited to the monetary fine amount as quantified by the exchanges.