Key Quantitative Figures
The fine withdrawn amounted to ₹1,01,480, which was inclusive of GST. The residual fine payable after this withdrawal is Nil.
Dates of Action
- Fine Period: The fine was originally levied for the period of March 2026.
- Withdrawal Date: The company received formal confirmation of the withdrawal via email from BSE on 03 September 2026.
- Previous Communication: The company had initially communicated about this fine on 21 May 2026.
Parties Involved
- Regulated Entity: Industrial & Prudential Investment Company Ltd. (Scrip Code: 501298)
- Regulator/Exchange: Bombay Stock Exchange Limited (BSE)
- Company Representatives: Shilpishree Choudhary, Company Secretary & Compliance Officer (Membership No: A39659)
- BSE Representatives: Arpeeta Pawaskar (Deputy Manager, Listing Compliance) and Shyamsingh Bhagirath (Manager, Listing Compliance)
Purpose & Rationale
The withdrawal was granted based on the submissions made by the company and a revision in its reconciliation report.
Financial Impact
The financial impact is the avoidance of a cash outflow of ₹1,01,480. The liability has been fully extinguished.
Capital Structure & Cash Flow Implications
No impact on capital structure. The withdrawal results in a positive cash flow implication for the company as the obligation to pay the fine is removed.
#Tags: #IndustrialPrudential #SEBI #RegulatoryCompliance #FineWithdrawal #Positive