Zenith Exports Limited has submitted a regulatory disclosure to the National Stock Exchange of India Limited (NSE) and BSE Limited. The disclosure intimates the exchanges regarding actions taken by the National Stock Exchange of India Limited.
Nature of the Event
The company received a letter from NSE (NSEILIST/CD/2026/0043 dated October 19, 2026) regarding the imposition of a fine. The fine of ₹7,72,900/- (including 18% GST) was imposed for alleged non-compliance with Regulation 17(1) of the SEBI Listing Regulations.
Actions and Orders
The company had filed a waiver application for this fine, which was rejected by the National Stock Exchange of India Limited. The rejection was notified to the company on October 19, 2026.
Following receipt of this intimation, the company made the payment of the full fine amount on October 23, 2026.
Details of Violation
The fine was imposed for delayed compliance with Regulation 17(1) of the SEBI Listing Regulations for the consecutive quarters ended December 31, 2025, and March 31, 2026.
Fine Breakdown
The annexure provides a detailed breakdown of the fine calculation:
- For quarter ended December 31, 2025: Fine of ₹5,000 per day for 67 days of non-compliance = ₹3,35,000
- For quarter ended March 31, 2026: Fine of ₹5,000 per day for 64 days of non-compliance = ₹3,20,000
- Total base fine: ₹6,55,000
- GST @ 18%: ₹1,17,900
- Total fine payable: ₹7,72,900 (inclusive of GST)
Financial Impact
The disclosure explicitly states that there is "None" for impact on financial, operational or other activities of the listed entity that is quantifiable in monetary terms.
Payment Instructions
The fine was payable to National Stock Exchange of India Limited through IDBI BANK LTD, Bandra Kurla Complex, Mumbai branch (RTGS/IFSC Code: IBKL0001000), using the unique account code for Annual Listing fees.