Rana Sugars Limited has made a disclosure to the stock exchanges regarding the waiver of a penalty levied by BSE Limited.
The company had submitted its Financial Results for the quarter ended 31st December, 2024 on 28th February, 2025, which represented a delay of 12 days from the regulatory deadline. As a result, both BSE Limited and National Stock Exchange of India Limited levied a penalty of ₹70,800 each on the company for this delay, as communicated via email dated 12th March, 2025.
In response, the company submitted Waiver Applications to both stock exchanges on 25th March, 2025, seeking waiver of the penalties. The company paid a requisite waiver application fee of ₹10,000 for this process.
BSE Limited has now communicated via mail dated 16th June, 2026 that the Waiver Application was placed before its "Internal Regulatory Oversight and Review Group" in a meeting. After consideration, the group decided to accept the waiver application.
The disclosure is made under Regulation 30 read with Para 20 of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has explicitly stated that there is no quantifiable financial impact on its financial, operational or other activities from this event.