Markolines received SEBI settlement order for delayed filing of fund utilization deviation statement under Regulation 32 of LODR.
Company paid ₹12.35 lakh settlement amount without admitting or denying findings, with proceedings now disposed.
Violation occurred during FY 2021-22 due to inadvertent non-compliance post listing, but company has since rectified filings.
Settlement has no material financial or operational impact on company due to insignificant amount relative to operations.