Date: July 17, 2026

Regulatory Compliance Disclosure

Nature of Disclosure: Regulatory penalty imposed by Reserve Bank of India (RBI)

Authority Details:

  • Authority: Reserve Bank of India
  • Order Date: July 10, 2026
  • Receipt Date: July 17, 2026

Penalty Details:

  • Monetary Penalty: ₹5.80 Lakhs
  • Regulatory Framework: Reserve Bank of India (Know Your Customer) Directions, 2016

Specific Violations:

  • Failure to implement a system for periodic review of risk categorization of accounts with required periodicity of at least once in six months
  • Failure to implement robust AML transaction monitoring software

Impact Assessment:

  • The company states there are no material impact on financial, operational or other activities of the Company from this penalty

Disclosure Compliance:

  • Made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations
  • Includes required details as per SEBI Master Circular dated July 13, 2023