Date: August 10, 2026
Board Meeting Outcomes
The Board of Directors of Mittal Life Style Limited met on Monday, August 10, 2026 to consider the NSE Notice No. NSE/LIST-SOP/FINES/0717 dated June 30, 2026 regarding levy of fine for non-compliance/delayed compliance with Regulation 33 of SEBI Listing Regulations.
Key decisions and observations:
- Noted the fine of ₹1,20,000 plus applicable GST levied by NSE for non-compliance with Regulation 33 regarding audited financial results for quarter and financial year ended March 31, 2026
- Observed that the Company had approved Standalone and Consolidated Audited Financial Results at its Board Meeting held on May 26, 2026
- Confirmed that requisite filings with the Exchange were completed within prescribed timelines, including submission of prescribed XML/XBRL filing
- Acknowledged that the Standalone Statement of Profit and Loss was inadvertently omitted from the PDF attachment due to clerical oversight during compilation
- Determined the lapse was procedural in nature with no deliberate suppression or non-submission of financial results
- Noted that the Company immediately resubmitted complete financial results with appropriate clarification upon being informed by the Exchange
- Confirmed that a detailed waiver application has been submitted to NSE Waiver Committee seeking waiver/reduction of fine
- Directed the Compliance Officer to continue monitoring compliance systems to prevent recurrence
- Implemented strengthened internal review mechanism with additional level of verification prior to every stock exchange filing
Status of Waiver Application
The Company has submitted a detailed waiver application to NSE Waiver Committee explaining the facts and circumstances leading to the inadvertent omission and corrective actions taken. The waiver application is presently under consideration by NSE, and no communication or decision has yet been received.
Financial Impact
Fine amount: ₹1,20,000
GST @18%: ₹21,600
Total Fine Payable (Inclusive of GST): ₹1,41,600