Date: November 5, 2026

Compliance Disclosure

Sanstar Limited received fines from both BSE Limited and the National Stock Exchange of India Limited (NSE) for delayed compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Regulatory Fine Details

  • BSE Fine: ₹11,800 (₹10,000 basic fine + ₹1,800 GST at 18%) under Regulation 44(3) for September 2026
  • NSE Fine: ₹11,800 (₹10,000 basic fine + ₹1,800 GST at 18%) under Regulation 44(3) for September 2026
  • Total Fine Payable: ₹23,600
  • Regulation Violated: Regulation 44(3) - Non-submission of voting results within prescribed period

Nature of Non-Compliance

  • The 44th Annual General Meeting was held on September 23, 2026
  • Voting results were required to be filed by September 25, 2026
  • PDF version of voting results and Scrutinizer's Report were submitted within timeline
  • XBRL submission was delayed by one day (completed on September 26, 2026)
  • Reason for delay: Technical issues preventing OTP receipt for portal login
  • The delay was described as "inadvertent and not on account of any lapse in intent"

Board Review and Action

  • The exchange letters dated October 14, 2026 were placed before the Board on November 5, 2026
  • The Board took note of the delay
  • The Board directed management to strengthen internal processes to ensure all disclosures, including XBRL submissions, are made within prescribed timelines

Payment Status

  • The company has remitted the fine amount as of October 23, 2026

Exchange Requirements Met

  • The company has complied with the requirement to place the matter before the Board
  • The Board's comments have been communicated to the exchanges

Additional Regulatory Context

The exchanges provided detailed procedures for:

  • Fine payment methods (RTGS/NEFT/Net banking)
  • Waiver application process (non-refundable processing fee of ₹10,000 + 18% GST if fine exceeds ₹5,000)
  • Consequences of non-payment: Freezing of entire shareholding of promoters in the company and all other securities held in their demat accounts
  • Required submission of payment details through specified formats and portals

Company Commitment

Sanstar Limited reaffirmed its commitment to ensuring timely compliance with all applicable regulatory requirements and making all filings within prescribed timelines going forward.