Date: September 24, 2026

Regulatory Compliance Update

The company has received a favorable outcome regarding a fine previously imposed by the National Stock Exchange of India Limited (NSE).

Fine Notice and Initial Response

  • The company received Notice No. NSE/LIST-SOP/FINES/0717 dated June 30, 2026 from NSE
  • The notice levied a fine of ₹1,20,000 plus applicable GST for alleged non-compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • The non-compliance pertained to the year ended March 31, 2026
  • The company submitted a waiver application on July 03, 2026 seeking waiver and/or reduction of the fine
  • The company provided the Board's comments on the NSE's Notice through an intimation letter dated August 10, 2026

Waiver Approval

  • The company received Intimation Letter No. NSE/LIST/CD/2026/0041 dated September 23, 2026 from NSE
  • NSE's Relevant Authority considered the company's waiver request favorably
  • The exchange granted full waiver of the fine amounting to ₹1,20,000 plus applicable GST
  • The waiver letter has been enclosed with this disclosure

Future Compliance Commitment

  • NSE has advised the company to ensure compliance with Listing Regulations and any other applicable regulations in future