Key Quantitative Figures
The company has been levied a fine of Rs. 1,71,100/- (inclusive of GST).
Dates of Action
- Date of fine notice receipt: 30th June 2026
- Due date for payment: Within 15 days from the date of the notice (i.e., by approximately 15th July 2026)
- Date of discrepancy rectification: The company successfully submitted the revised filing on 1st July 2026
- Date of this disclosure letter: 1st July 2026
Parties Involved
- Regulatory Authority: BSE Limited (BSE)
- Listed Entity: Gala Global Products Limited
Purpose and Stated Rationale
The disclosure is a mandatory regulatory requirement pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
Reason for Fine
The specific reason for the fine was discrepancies in the standalone results for the year ended March 2026. The company had not submitted the 'Statement on Impact of Audit Qualification' in PDF format within the period prescribed under Regulation 33.
Resolution Action
The company rectified the non-compliance by submitting the revised filing, which included the required 'Statement on Impact of Audit Qualification', via the BSE online portal on July 1, 2026.
Financial Impact
The financial implication is explicitly quantified only to the extent of the fine amount of Rs. 1,71,100/- (inclusive of GST), which is payable to BSE. No other financial, operational, or other impact on the company's activities is disclosed.
#Tags: #GalaGlobalProducts #SEBIRegulation30 #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral