Date: 31st October, 2026
Board Meeting Outcomes
- The Board of Directors noted the delay in submission of the Shareholding Pattern to National Stock Exchange (NSE) under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The Board acknowledged that the Shareholding Pattern was prepared and ready for submission within the prescribed timeline and was timely submitted to BSE.
- The delay in filing to NSE was attributed to misinterpretation of the applicability of integrated filing provisions regarding whether Shareholding Pattern is covered under the integrated filing framework.
- The Board clarified that the delay was inadvertent, not intentional or deliberate, and resulted from technical issues encountered on the NEAPS portal.
- The Board advised the Compliance team to be careful and cautious in interpreting filing provisions and ensure strict adherence to regulatory timelines going forward.
- The Company paid a fine of ₹8,000 plus 18% GST, aggregating to ₹9,440, as levied by NSE for the delayed filing.
- The payment was made on September 1, 2026.
Regulatory Compliance Details
Authority: National Stock Exchange of India Limited (NSE)
Nature of Action: Imposition of Fine of ₹8,000 plus 18% GST
Date of Order: August 31, 2026
Violation Details: Delay in submission of Shareholding pattern under Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Financial Impact: Nil (no impact on financial, operational or other activities quantifiable in monetary terms)
Reason for Delay: Misinterpretation of applicability of integrated filing provisions to Shareholding Pattern
Governance Commitment
- The Board reaffirmed its commitment to maintaining the highest standards of corporate governance, transparency and regulatory compliance
- The company committed to ensuring timely submission of all statutory and regulatory filings