Rushil Decor Limited has submitted a clarification to National Stock Exchange of India Ltd. and BSE Limited regarding a delayed filing compliance issue. The disclosure is made in response to BSE Notice Ref. No. SOP-Review/QTR-Jun-26 dated August 14, 2026, and under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026.
The Board of Directors considered this matter at its meeting held on November 03, 2026. Key facts disclosed:
- BSE imposed a fine of ₹2,000 on the company for delayed quarterly submission of Shareholding Pattern Disclosure for the quarter ended June 30, 2026, as required by Regulation 31 of SEBI (LODR) Regulations, 2015.
- The disclosure was filed with NSE on July 7, 2026 (within required timeframe) but filed with BSE on July 22, 2026, representing a 1-day delay.
- The delay resulted from the company's bona fide understanding that filing with one stock exchange would suffice for compliance under the single filing mechanism. Based on this understanding, the company inadvertently did not separately upload the Shareholding Pattern on BSE Listing Centre, despite having the document ready and already filed with NSE.
- The company provided clarifications to BSE about the delay on July 22, 2026, in response to BSE's email received the same day.
- The company requested a waiver of the fine through a letter dated August 25, 2026, and this request remains pending with the stock exchange.
The Board noted that the delay in compliance was unintentional and stemmed exclusively from the misunderstanding about single filing requirements. The Board has advised management to implement measures to prevent similar incidents in the future and ensure strict adherence to all necessary processes at all times.
Financial Impact
The financial impact is quantified as a ₹2,000 fine imposed by BSE, for which the company has requested waiver.