Specific Violation and Penalty
The company received a notice from NSE for delayed submission of the Annual Report for the financial year 2025–26. The exchange has imposed a fine of ₹1,62,000 (Rupees One Lakh Sixty-Two Thousand) plus applicable GST for this non-compliance under Regulation 34 of SEBI (LODR) Regulations, 2015.
Timeline of Events
- Date of notice receipt: 30th October, 2026 at 8:24 PM through email
- Rectification date: The annual report was subsequently submitted and the non-compliance was rectified as intimated to stock exchanges via letter dated October 7, 2026
- Payment deadline: Company must pay the fine including GST within 15 days from the date of the stock exchange communication
Additional Requirements from NSE
The company has been advised to:
1. Inform the promoters about the non-compliance
2. Place the communication before the Board at its next meeting
3. Inform the exchange about any comments made by the Board
4. Ensure compliance with the regulations
Financial Impact Assessment
The company states that the fine has no material impact on its financial position, operations, or broader business activities.
Company Response
The non-compliance was described as inadvertent and without any malafide intention. The company has rectified the compliance issue and will be making the payment of the fines as levied.