Date: 29.06.2026
Regulatory Disclosure
The company submitted a copy of the SEBI warning letter received on June 25, 2026, to both National Stock Exchange of India Limited and BSE Limited.
SEBI Warning Letter Details
Letter Reference: HO/49/13/11(356)2026-CFD-SEC3 1/14882/2026
Date: June 25, 2026
Addressed to: Mr. Sivaiah Palla, Company Secretary & Compliance Officer
Nature of Non-compliance: During examination, SEBI observed that the company failed to make required disclosures regarding pending liability under dispute between the company and Percept Advertising Limited that exceeded the materiality threshold specified under Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations).
Specific Regulation Violated: Regulation 30(4) of LODR Regulations read with sub-para 8 of Para B of Part A of Schedule III of LODR Regulations.
SEBI Action: Administrative warning issued to the company. The non-compliance has been viewed seriously by SEBI.
Future Implications: SEBI warned that any repetition of such violations in future will be viewed seriously and appropriate enforcement action would be initiated in accordance with provisions of the SEBI Act, 1992, Rules, Regulations or Circulars issued thereunder.
Corrective Measures Required:
- Company advised to initiate corrective steps to make requisite disclosures
- Company must disclose this warning letter to recognized stock exchange(s) in terms of LODR Regulations
- Company must place the letter before the Board in its next meeting