Key Quantitative Figures

  • Penalty amount: ₹5,000 basic fine
  • GST @18%: ₹900
  • Total fine payable: ₹5,900 (inclusive of GST)
  • Fine prescribed: ₹5,000 per day till date of compliance

Dates of Action

  • Disclosure due date: May 28, 2026 (date of declaration of financial results for FY 2025-26)
  • Actual filing date: May 29, 2026
  • BSE penalty notice date: June 30, 2026
  • Board meeting date: August 13, 2026
  • Payment deadline: Within 15 days from June 30, 2026

Parties Involved

  • Regulatory authority: BSE Limited
  • Governing regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Specific regulation: Regulation 23(9)
  • Company representatives: Ayushi Gupta (Company Secretary & Compliance Officer)
  • BSE representatives: Harshad Naik (Manager, Listing Compliance), Reena Raphel (Manager, Listing Compliance)

Reason for Delay

The delay in filing the Disclosure of Related Party Transactions for the half-year ended March 31, 2026, was attributed to technical and system-related issues that prevented the company from uploading the XBRL file within the prescribed timeline.

Board Response

The matter was placed before the Board of Directors on August 13, 2026. The Board took note of the delay and advised strengthening the internal process for timely filing going forward.

Financial Impact

The immediate financial impact is ₹5,900 payable to BSE Limited. The company has committed to ensuring timely compliance with all applicable regulatory requirements in the future.

Consequences of Non-Payment

Failure to pay the fine within 15 days from June 30, 2026, will result in the Exchange initiating action to freeze the entire shareholding of the promoter in the entity as well as all other securities held in the demat account of the promoter.

Payment Instructions

  • Virtual Bank Account: BSER01173
  • Bank: ICICI Bank Ltd.-CMS Branch
  • IFSC Code: ICIC0000104
  • Account Name: BSE Limited
  • This account is dedicated specifically to SOP fine and Waiver fees only

Additional Requirements

The company must submit remittance details in Annexure I format to bse.soplodr@bseindia.com and bring the provisions of the SEBI SOP Master Circular to the notice of the promoter.