Date: 12th November 2026

Board Meeting Outcomes

  • Board noted the non-compliance with Regulation 34 of SEBI (LODR) Regulations, 2015 regarding delayed submission of Annual Report for year ended March 31, 2026
  • Board acknowledged the fine of ₹8,000 levied by National Stock Exchange of India Limited (NSE) and confirmed payment has been made
  • Board expressed concern over the lapse and advised management to strengthen internal compliance monitoring mechanism
  • Board directed management to ensure timely filing of all statutory and regulatory compliances to prevent recurrence

Regulatory Compliance Disclosure

  • Non-compliance: Delayed submission of Annual Report as per Regulation 34 of SEBI (LODR) Regulations, 2015
  • Period: Year ended March 31, 2026
  • Fine amount: ₹8,000 (plus ₹1,440 GST, total ₹9,440)
  • Duration of delay: 4 days
  • Reason cited: Inadvertent oversight and unintentional
  • Compliance status: Annual Report subsequently submitted to Exchange
  • NSE notice reference: NSE/LIST-SOP/COMB/FINES/1209 dated October 30, 2026
  • NSE Master Circular reference: SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, last updated January 30, 2026

Potential Consequences for Future Non-Compliance

As per NSE notice dated October 30, 2026:

  • Freezing of entire shareholding of Promoters in the Company and other securities held in their Demat accounts
  • Trading in company securities on 'Trade for Trade' basis (shifting to Z Category) for consecutive defaults under Regulation 34

Waiver Process Information

  • Waiver application requires submission through NEAPS portal path: NEAPS>>Compliance>>Fine Waiver>>Waiver Request
  • Non-refundable processing fee of ₹10,000 plus 18% GST applicable if fine amount exceeds ₹5,000 (exclusive of GST)
  • Compliance is prerequisite for waiver application

Not Specified: KMP / Board / Auditor Changes, Dividend Declaration, Financial Results, Auditor's Report, Disinvestment / Strategic Actions, Media Release / Investor Communication, Other Operational / Legal / Strategic Disclosures