BSE imposed a fine of ₹86,000 plus GST on Industrial And Prudential Investment Company for non-compliance with Regulation 6(1) of SEBI LODR.
The company states the fine will not impact its financial or operational activities beyond the monetary penalty amount.
The company is preparing to apply for a waiver of the fine from the stock exchange where permissible.
This disclosure is made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements.