Date: May 29, 2026
Board Meeting Outcomes
The Board of Directors meeting held on May 29, 2026 considered and took on record communications received from BSE Limited and National Stock Exchange of India Limited.
The exchanges levied a fine of ₹5,000 each (plus applicable GST, if any) for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015.
The non-compliance specifically related to the absence of a Woman Director on the company's board for one (1) day.
The Board observed that:
- The non-compliance was technical in nature
- The non-compliance period was minimal (one day only)
- The board composition has since been brought into full compliance with Regulation 17(1)
The Board directed strengthening of internal monitoring mechanisms to avoid recurrence of such compliance lapses.
Regulatory Action Details
Authority: National Stock Exchange of India Limited (NSE) and BSE Limited
Nature of Action: Imposition of fine amounting to ₹5,000 each (plus applicable GST, if any)
Date of Receipt: May 27, 2026 (from both exchanges)
Violation Details: Non-compliance under Regulation 17(1) of SEBI (LODR) Regulations, 2015
Financial Impact: Not Applicable (as per company disclosure)