This is a regulatory disclosure filed by GALA GLOBAL PRODUCTS LIMITED with BSE Limited under 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.
The company received an email from BSE Limited dated 30th October 2026 (Reference: SOP-Review/30-10-2026) regarding non-compliance and the imposition of a fine. The communication pertained to the non-submission of the Annual Report for the year ended March 2026 within the period prescribed under Regulation 34 of the SEBI Listing Regulations.
Key Details of the Fine
- Total Fine Amount: ₹56,640 (inclusive of 18% GST)
- Breakdown of Fine: Basic fine of ₹48,000 + GST of ₹8,640
- Due Date for Payment: Within 15 days from the date of the notice (30th October 2026)
- Reason for Fine: Delayed submission of the Annual Report for FY26.
- Fine Mechanism: As per the SEBI Master Circular, the fine is computed at ₹2,000 per day and continues to accrue until the non-compliance is rectified to the satisfaction of the Exchange.
Reason for Delay in Disclosure
The company states that its disclosure of this material event was itself delayed beyond the mandated 24-hour timeline. The reason provided for this delay was a login error on the BSE portal that prevented the submission of the disclosure on time. The company had informed BSE of this technical issue via email at the time it occurred, attaching a screenshot as evidence.
Stated Impact
- Financial Impact: The impact is quantifiable and limited to the payment of the fine amount of ₹56,640 to BSE.
- Operational Impact: No impact on the company's operations.