Key Quantitative Figures

  • Fine amount: ₹46,000
  • GST on fine: ₹8,280 (18% of ₹46,000)
  • Total payable: ₹54,280

Dates of Action

  • BSE email received: October 30, 2026
  • Board meeting held: November 5, 2026
  • Annual report period ended: March 31, 2026

Parties Involved

  • Bombay Stock Exchange Limited (BSE)
  • Shining Tools Limited
  • Board of Directors of Shining Tools Limited
  • Managing Director Vipulbhai Laljibhai Ghonia (DIN: 06511100)

Reason for Non-compliance

The annual report for year ended March 31, 2026 was initially submitted within the prescribed timeline but was uploaded under the wrong tab on the BSE portal due to an inadvertent clerical error. The error was detected and corrected promptly by resubmitting under the correct tab, which resulted in a formal delay.

Company's Position

The Board clarified that the lapse was purely an administrative and procedural oversight, not arising from any wilful default or negligence on the part of the Company.

Financial Impact

The company is liable to pay ₹54,280 (including GST) unless the waiver application is approved.

Next Steps

The Company is preparing an application to BSE seeking waiver of the fine. The Board reaffirmed its commitment to maintaining the highest standards of corporate governance and compliance.