Key Quantitative Figures
- Fine amount: ₹15,000 for late submission
- GST @18%: ₹2,700
- Net fine payable: ₹17,700
- Delay period: 3 days (submission due date: June 23, 2026; actual submission date: June 26, 2026)
Dates of Action
- Fine notice dates: June 30, 2026 and July 16, 2026
- Board meeting date: August 25, 2026
- Fine payment date: August 4, 2026
- Company listing date: June 2, 2026 (SME Platform of BSE)
Parties Involved
- BSE Limited (regulatory authority)
- Harikanta Overseas Limited (company)
- Managing Director: Hardik Gotawala (DIN: 8262325)
Purpose and Rationale
The delay in submitting un-audited standalone/consolidated financial results for the year ended March 31, 2026 was attributed to the company's recent listing on the SME Platform of BSE on June 2, 2026. The board stated that the 3-day delay was "entirely unintentional, occurring due to initial administrative, procedural, and compliance system transitions customary for a newly listed entity."
Remedial Actions Taken
1. Audited financial results for the year ended March 31, 2026 have been fully approved, finalized, and successfully uploaded to the BSE Listing Centre portal
2. The fine of ₹17,700 has been paid on August 4, 2026 via transaction UTR/Reference No. 621611895384 in favor of BSE Limited
3. The company has reviewed and strengthened its internal compliance calendar and supervisory mechanism to ensure strict adherence to statutory timelines under Listing Regulations
Board Directives
The Board has directed the management and compliance department to further fortify internal tracking systems and reporting calendars to ensure strict and timely adherence to all regulatory compliances moving forward.
Financial Impact
The financial impact is quantified as ₹17,700, which has been paid by the company.