Date: August 12, 2026
Board Meeting Outcomes
The Board of Directors reviewed notices from BSE Limited and National Stock Exchange of India Limited dated June 15, 2026, regarding non-compliance/delay in compliance under Regulation 29(2)/29(3) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Regulatory Compliance & Fines
Fine Details:
- National Stock Exchange of India Limited: Regulation 29(2)/29(3) - ₹11,800 (including GST)
- BSE Limited: Regulation 29(2)/29(3) - ₹11,800 (including GST)
- Total fines paid: ₹23,600
Nature of Violation: Delay in submission of intimation of Board Meeting under Regulation 29 of SEBI LODR Regulations for the month ending May 31, 2026.
Breakdown of BSE Fine Calculation:
- Regulation 29(2)/29(3): Basic fine ₹10,000 + GST @18% ₹1,800 = ₹11,800
- Other regulations cited (31A(3)(a)(ii)/(iii)/(v)/(vii) and 44(3)) showed zero fine payable for May 2026
Board Comments & Response
The Board provided the following formal comments:
- Noted the Stock Exchange's observation regarding delay in submission of board meeting intimation
- Determined the delay was inadvertent and occurred due to unintentional procedural delay
- Has taken note of the matter and strengthened internal compliance monitoring and review mechanism
- Has advised management to exercise due diligence and ensure strict adherence to prescribed timelines
Payment Status
All fines have been duly paid by the company as required. The company was required to pay within 15 days of receiving the notices (dated June 15, 2026).