Radhe Developers (India) Limited has made a mandatory disclosure to BSE Limited regarding the imposition of a financial penalty.
Key Quantitative Figures
BSE Limited has levied a total fine of ₹51,920 (Rupees Fifty-One Thousand Nine Hundred Twenty only) on the company. This amount is inclusive of GST @ 18%, comprising:
- Basic Fine: ₹44,000
- GST Component: ₹7,920
Dates of Action
The communication from BSE Limited was received on August 25, 2026, at 07:01 PM, as referenced by BSE email Ref. SOP-CReview/QTR-Jun-26 dated August 25, 2026.
The disclosure letter was submitted to BSE on August 26, 2028.
Parties Involved
The penalty was imposed by BSE Limited. The disclosure was signed by Khyati Kanaiyalal Patel, Company Secretary & Compliance Officer (Membership No.: A53258), representing Radhe Developers (India) Limited.
Details of Violation
The penalty was imposed for alleged non-compliance with Regulation 19 of the SEBI (LODR) Regulations, 2015, specifically relating to the constitution of the Nomination and Remuneration Committee.
Company Response and Status
The company is currently examining the matter and the basis of the levy of the fine. The disclosure explicitly states that "there is no material impact on the Financial, operation or other activities of the Company" as a result of this penalty.
Financial Impact
As explicitly stated in the disclosure: "there is no material impact on the Financial, operation or other activities of the Company."