Key Events and Actions
Warning Letter Details:
- Received BSE Warning Letter Ref. No. DCS/NC/TS/WL/033/2025-26 dated December 10, 2025
- Related to non-compliance under SEBI LODR Regulations, 2015
Board Action:
- Matter placed before Board of Directors at meeting held on May 30, 2026
- Board took contents of Warning Letter on record
- Board advised management to ensure strict compliance with all applicable regulatory requirements going forward
Shareholder Communication Issue:
- Company could not place the warning letter before shareholders at Extra Ordinary General Meeting held on February 28, 2026
- Company confirms it will place the matter before shareholders at the ensuing General Meeting
Specific Regulation 45(3) Non-Compliance:
- Revised certificate issued by Peer Reviewed Chartered Accountant in terms of Regulation 45(3) was obtained and submitted to Exchange
- Due to inadvertent oversight, the revised certificate could not be placed before shareholders at General Meeting held on February 28, 2026 for ratification/approval
- Company acknowledges the lapse and regrets the same
- Revised certificate will be placed before shareholders for consideration and ratification at ensuing General Meeting
Compliance Measures
- Necessary steps have been initiated to ensure compliance with regulatory requirements
- Internal compliance monitoring mechanisms are being strengthened
- Company committed to maintaining highest standards of corporate governance and regulatory compliance
- Company states non-compliance was neither deliberate nor intended to circumvent regulatory requirements