Date: May 22, 2026
Board Meeting Outcomes
The Board of Directors, at its meeting held on May 22, 2026, considered and noted the following regarding a fine levied by the National Stock Exchange of India Limited (NSE):
- The NSE imposed a fine of ₹4,000 (excluding GST) on the company for delay in submission of the Shareholding Pattern for the quarter ended March 31, 2026.
- The delay was under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The company had filed the disclosure with BSE Limited on April 20, 2026, within the prescribed timeline.
- The delay occurred due to a technical/system-related issue on the NSE portal, where the filing status appeared successfully submitted on April 20, 2026, with no error message displayed.
- Upon receipt of communication from NSE regarding non-submission, the company immediately resubmitted the Shareholding Pattern on April 23, 2026 and submitted necessary clarification to NSE.
- The company has submitted a request letter to NSE seeking waiver of the fine, which is currently under consideration.
- The Board noted the delay was inadvertent and unintentional with no mala fide intention or deliberate non-compliance.
- The Board advised the management to ensure compliance with applicable regulatory requirements well within time going forward.
Other Operational / Legal / Strategic Disclosures
This disclosure is made in reference to NSE Notice Ref. No. NSE/LIST-SOP/FINES/0546 dated May 14, 2026 and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.