The fine was imposed for an alleged delayed submission of the Shareholding Pattern for the quarter ended 30th June, 2015. The specific allegation is a delay of 20 days in submitting this pattern.
Timeline of Communications with BSE
- BSE initially imposed the fine via an e-mail dated 9th June 2026.
- Following the receipt of this e-mail, the company received further communications from BSE on 11th June 2026, 6th July 2026, 21st August 2026, and 28th August 2026. In these communications, BSE sought certain clarifications and relevant information from the company.
- The company provided the information and clarifications as requested by BSE.
- Subsequently, via an e-mail dated 31st August 2026, BSE communicated that the amount of the fine imposed on the company remains unchanged.
Financial and Operational Impact
As per the disclosure, the maximum quantifiable financial impact is limited to the extent of the total fine paid by the company, which is ₹75,59,384. The company states there is no other impact on its financials, operations, or other activities.
Company's Stance
The company has paid the fine but has expressly reserved all its rights, contentions, defenses, and remedies under applicable law, the relevant agreement, the listing regulations, or otherwise. This indicates the payment was made under protest while reserving the right to challenge the fine.
The disclosure references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated 30th January, 2026 (the "Master Circular") and is structured as required under Regulation 30 and Schedule III of the Listing Regulations.