Date: July 31, 2026

Board Meeting Outcomes

The Board of Directors of Sarveshwar Foods Limited, at its meeting held on July 31, 2026, noted the following:

  • Noted the non-compliance under Regulation 33 of SEBI LODR Regulations, 2015, pertaining to a delay of 4 days in submitting the audited financial results for the quarter and financial year ended March 31, 2026.
  • Noted the action taken by NSE and BSE in the form of imposition of a fine of ₹23,600 each (which has been paid).
  • Observed that the delay was primarily attributable to the inability to collate financial information from the company's subsidiary, Natural Global Foods DMCC, UAE, due to prevailing geopolitical situation and operational disruptions in the UAE.
  • Expressed concern on the delayed compliance and directed management to initiate necessary corrective measures and strengthen internal review mechanisms to prevent future occurrences.

Regulatory Action & Fines

National Stock Exchange of India Limited (NSE) Notice (Ref: NSE/LIST-SOP/FINES/0717, Dated: June 30, 2026)

  • Fine levied for non-compliance with Regulation 33 for the quarter ended March 31, 2026.
  • Fine amount: ₹5,000 per day for 4 days of non-compliance = ₹20,000.
  • Total Fine Payable (Inclusive of 18% GST): ₹23,600.
  • Bank details for payment: IDBI BANK LTD, A/C Name: 'National Stock Exchange of India Limited', Branch: BANDRA KURLA COMPLEX, MUMBAI, RTGS/IFSC CODE: IBKL0001000.

Bombay Stock Exchange Limited (BSE) Notice (Ref: SOP-Review-30/06/2026, Dated: June 30, 2026)

  • Fine levied for late submission of financial results for Mar-26 (quarter/year).
  • Basic Fine: ₹20,000.
  • GST @18%: ₹3,600.
  • Total Fine Payable: ₹23,600.
  • Virtual Bank Account for payment: ICICI Bank Ltd.-CMS Branch, Account Name: BSE Limited, Virtual Account No.: BSER12856, IFSC Code: ICIC0000104.

Compliance Status

  • The company achieved compliance by submitting the financial results for the quarter and financial year ended March 31, 2026 on June 5, 2026.
  • The fine of ₹23,600 to each exchange has been paid.

Reason for Delay

The delay was due to operational challenges in consolidating the financials of the UAE-based subsidiary, Natural Global Foods DMCC, caused by the prevailing geopolitical situation and operational disruptions in the UAE.

Board Directive

The Board directed the management to initiate corrective measures and strengthen internal review mechanisms to ensure such delays are not repeated.