Date: August 12, 2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
- Board meeting held on August 12, 2026 addressed fines levied by stock exchanges.
- Board noted non-compliance under Regulation 33 of SEBI LODR Regulations, 2015 pertaining to a 10-day delay in submission of audited financial results for quarter and financial year ended March 31, 2026.
- Board noted that fines of ₹59,000 each from NSE and BSE have been paid.
- Board observed that delay was unintentional and attributable to significant changes in Company's leadership and governance structure including changes in Key Managerial Personnel and Statutory Auditors.
- Board noted these transitions necessitated additional time for review, handover of responsibilities, familiarization with Company's financial and operational matters, and completion of audit processes.
- Board noted Company had proactively intimated exchanges regarding anticipated delay on May 27, 2026, before statutory timeline expiry.
- Board noted Company complied with Regulation 33 by submitting financial results on June 11, 2026.
- Board expressed sincere regret for delay in compliance.
- Board reiterated that timely financial reporting and regulatory compliance remain paramount importance.
- Board directed management to initiate necessary corrective measures to strengthen financial closing process and ensure such delays will not be repeated.
Financial Results (Standalone & Consolidated)
Not Specified
Auditor’s Report
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Exchange Fine Notices:
- Received NSE notice ref. NSE/LIST-SOP/FINES/0717 dated June 30, 2026
- Received BSE email ref. SOP-Review-30/06/2026 dated June 30, 2026
- Fine details: Non-compliance with Regulation 33 for quarter ended March 31, 2026
- Fine amount: ₹5,000 per day for 10 days of non-compliance = ₹50,000 basic fine
- GST @18%: ₹9,000
- Total fine payable: ₹59,000 per exchange (Total ₹1,18,000)
- NSE payment instructions: RTGS/NEFT/Net Banking to National Stock Exchange of India Limited, IDBI Bank Ltd, BANDRA KURLA COMPLEX, MUMBAI, IFSC: IBKL0001000
- BSE payment instructions: Virtual Bank Account BSER01253, ICICI Bank Ltd.-CMS Branch, IFSC: ICIC0000104
- Consequences for non-payment: Freezing of promoter shareholding, potential trading shift to 'Trade for Trade' basis/Z Category for consecutive defaults
- Waiver process available with ₹10,000 + 18% GST processing fee if fine > ₹5,000