Key Quantitative Figures
- Total fine waived: ₹11,07,000 (Rupees Eleven Lakh Seven Thousand only)
- Breakdown of waived fines:
- Regulation 17(1): ₹4,60,000 for September 2025 quarter, ₹1,55,000 for December 2025 quarter
- Regulation 18(1): ₹1,84,000 for September 2025 quarter, ₹62,000 for December 2025 quarter
- Regulation 19(1) & 19(2): ₹1,84,000 for September 2025 quarter, ₹62,000 for December 2025 quarter
Dates of Action
- 20th May 2025: Company's paid-up equity share capital exceeded ₹10 crore, triggering applicability of Regulations 17, 18, and 19
- 19th November 2025: Deadline for compliance with Regulations 17, 18, and 19
- 1st November 2025: Company achieved full compliance with appointment of required directors
- 27th October 2026: BSE approval received via email for waiver of fines
- 28th October 2026: Date of intimation letter to BSE
Parties Involved
- Pervasive Commodities Limited (Listed Entity, Scrip Code: 517172, CIN: L51909GJ1986PLC008539)
- BSE Limited (Stock Exchange, Regulatory Authority)
- Fagun Chandrakant Soni (Managing Director, DIN: 10610730)
Background and Rationale
The company's paid-up equity share capital exceeded ₹10 crore on 20th May 2025, making Regulations 17, 18, and 19 applicable with a compliance deadline of 19th November 2025. The company completed the appointment of required directors and achieved full compliance on 1st November 2025, within the six-month grace period. The company had submitted applications to BSE seeking waiver of fines levied for the September 2025 and December 2025 quarters.
Financial Impact
As explicitly stated in the annexure: "There is no financial, operational or other impact on the activities of the Company, and the monetary impact is Nil." The waiver approval means the company is not required to pay the ₹11,07,000 in fines.
Compliance Status
The company has achieved full compliance with Regulations 17, 18, and 19 of SEBI LODR Regulations as of 1st November 2025. All outstanding penalty obligations have been waived by BSE's approval.