Virat Crane Industries Ltd. has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR).
The company received a notice from BSE (Bombay Stock Exchange) dated 30th June 2026 regarding non-compliance with various provisions of the SEBI LODR Regulations for the half-year ended 31st March 2026. The exchange has imposed a fine of ₹5,900 (inclusive of GST) for this non-compliance.
The specific violation cited is non-compliance with Regulation 23(9), which requires companies to disclose related party transactions in the specified format within the prescribed timeline. The nature of the violation is described as "Late-submission of Related party transaction report for one day."
The financial impact quantifiable in monetary terms is stated as ₹5,900, which represents the amount of the fine imposed.
The company provides an explanation for the non-compliance, stating that it has been proactively complying with all regulatory requirements on time until this incident. The related party transaction report is an integral part of the financial results XBRL report for the quarter/half-year ended 31st March 2026, which must be submitted within 24 hours after the board meeting where financial results are approved.
The board meeting to consider and approve the financial results for the quarter ended 31st March 2026 (FY 2025-26) was held on 28th May 2026. Due to a technical error in presenting the XBRL report to BSE on the same day, the company could not submit it on 28th May 2026 but submitted it within the 24-hour window after the financial results were submitted to BSE.
The company contends that technically it complied with the requirement since the report was submitted within 24 hours of the board meeting, though not on the exact same day. The company states that this non-compliance was neither due to negligence nor default on its part, nor was it within the control of the management of Virat Crane Industries Limited.
The disclosure is signed by Adi Venkata Rama.R, who holds the position of Company Secretary & Compliance Officer, and is digitally signed with a timestamp of 01st July 2026 at 17:37:43 IST.