Key Quantitative Figures
- Fine amount: ₹95,000 (exclusive of applicable GST)
- Financial period involved: ended March 31, 2026
Dates of Action
- Fine notice issued by BSE: June 30, 2026
- Board meeting date: September 02, 2026
- Document signing date: September 02, 2026
Parties Involved
- Regulator: BSE Limited (Stock Exchange)
Reason for Fine
The fine was levied for alleged non-compliance with Regulation 33 of SEBI LODR Regulations specifically regarding the financial results for the period ended March 31, 2026. The non-compliance involved the omission of requisite half-yearly figures in the financial results submitted by the Company in a quarterly format.
Company's Response and Corrective Actions
- The Company promptly undertook corrective action upon becoming aware of the matter
- Submitted revised financial results incorporating the requisite half-yearly figures
- Submitted representation and clarification to the Stock Exchange explaining that:
- The Company had been voluntarily following more frequent financial reporting (quarterly) despite SME entities only requiring half-yearly reporting
- The lapse was inadvertent and procedural in nature
- The omission was not intentional nor attributable to any attempt to avoid regulatory requirements
Current Status
- The Company has submitted an application to the Stock Exchange seeking waiver of the fine
- The waiver application is presently under consideration by the Stock Exchange
Board Action
- The matter was placed before and noted by the Board of Directors at its meeting held on September 02, 2026
- The Board advised management and the Compliance Officer to further strengthen the Company's internal compliance and monitoring mechanisms
- The aim is to ensure such procedural lapses do not recur in the future
Company Commitment
The Company reaffirms its commitment to ensuring compliance with all applicable laws, rules and regulations and maintaining appropriate standards of corporate governance and regulatory compliance.