Zenith Exports Ltd has filed a regulatory disclosure under SEBI LODR Regulation 30, intimating the payment of a fine imposed by the stock exchanges.

Key Event and Actions

  • A fine of ₹13,01,540/- (including 18% GST) was imposed by both BSE Limited and the National Stock Exchange of India Limited (NSE) each.
  • The fine was levied for alleged non-compliance with Regulation 17(1), Regulation 23(9), and Regulation 34 of the SEBI Listing Regulations.
  • The company had filed an application for a waiver of this fine.
  • The waiver application was rejected by BSE Limited's Internal Regulatory Oversight and Review Group (IRORG).
  • The company was notified of this rejection on August 5, 2026.
  • Subsequently, the company made the full payment of the fine on August 11, 2026.

Details of Violations and Rejected Waiver

The attached regret letter from BSE, dated August 5, 2026, provides a detailed breakdown of the fines for which the waiver was rejected:

  • For Regulation 17(1) non-compliance in December 2025 (Q3 FY26): A penalty of ₹3,95,300 was imposed and the waiver request was rejected.
  • For Regulation 17(1) non-compliance in March 2026 (Q4 FY26): A penalty of ₹3,77,600 was imposed and the waiver request was rejected.
  • The total base fine from these two quarters was ₹7,72,900.
  • With the addition of 18% GST (₹1,39,122), the total payable amount became ₹9,12,022. The document states a total fine of ₹13,01,540, which suggests this amount may represent the combined fine from both exchanges or include other historical outstanding amounts listed in the annexure.

Outstanding Fines

An annexure from BSE listed other outstanding SOP fines for the company as of August 3, 2026, including amounts for non-compliance with Regulations 33 and 34 from previous years, summing to a total outstanding base fine of ₹11,02,000. With GST @18% (₹1,98,540), the total outstanding payable was listed as ₹13,01,540.

Financial Impact

As per the disclosure annexure, the impact on the financial or operational activities of the company is stated to be 'None' and is not quantifiable in monetary terms.