Date: August 27, 2026
Board Meeting Outcomes
The Board of Optiemus Infracom Limited met on August 27, 2026, to consider a notice from the National Stock Exchange of India Limited (NSE) bearing Reference No. NSE/LIST-SOP/FINES/0904 dated August 14, 2026. The notice pertained to a delayed submission of the Shareholding Pattern for the quarter ended June 30, 2026, under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board also considered a subsequent clarification sought by NSE via email on August 21, 2026.
The Board noted and approved the following comments for submission to NSE:
- The Company had submitted the Shareholding Pattern with BSE Limited on July 18, 2026, which was three days prior to the prescribed due date of July 21, 2026.
- A separate filing with NSE was not made by the due date due to a bona fide and inadvertent understanding regarding the applicability of a single filing mechanism.
- Upon identifying the requirement, the Company promptly submitted the Shareholding Pattern with NSE on July 23, 2026, resulting in a delay of two days.
- A fine of ₹4,720 (including GST of ₹720) was levied by NSE for this delay.
- The Company submitted a waiver application to NSE on August 17, 2026, and provided a clarification on August 22, 2026, seeking a waiver of the fine.
- The Board emphasized the inadvertent nature of the delay and the corrective measures undertaken, which include strengthening the internal compliance and verification mechanism for regulatory filings to ensure timely future compliance and minimize recurrence.
Regulation, Compliance & Legal Disclosures
The enclosed NSE notice, Reference No. NSE/LIST-SOP/FINES/0904 dated August 14, 2026, detailed the non-compliance. The fine was levied under the Standard Operating Procedure specified in SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (the "Master Circular").
The annexure to the notice specified the fine calculation:
- Regulation: Regulation 31(1)
- Quarter: June 30, 2026
- Fine per day: ₹2,000
- Days of non-compliance: 2
- Base Fine Amount: ₹4,000
- GST @18%: ₹720
- Total Fine Payable: ₹4,720
The notice stated that if the company was still non-compliant as of the letter's date, the fine would continue to increase daily until compliance was achieved.
The notice outlined potential actions for non-payment within 15 days, including:
1. Initiation of freezing of the entire shareholding of the Promoters in the Company and in other securities held in their Demat accounts.
2. Trading in the company's securities shifting to a 'Trade for Trade' basis (Z Category) in case of consecutive defaults under Regulation 31.
The notice specified the process for applying for a waiver, including a non-refundable processing fee of ₹10,000 plus 18% GST if the fine amount exceeded ₹5,000 (exclusive of GST). It mandated that the company's Board must comment on the fine, and those comments must be submitted to NSE via the NEAPS portal under the path: NEAPS > COMPLIANCE > Announcements > Announcements/ CA with the subject 'Board comments on fine levied by the Exchange'.