A B Cotspin India Limited has informed the Exchange about Waiver of fine levied by National Stock Exchange
ABCOTS · price
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Awaiting price reaction for this filing.
A B Cotspin India Limited has received a waiver of the fine previously imposed by the NSE for a delay in compliance with Regulation 33 of the Listing Regulations (related to submission of financial results) for the quarter/year ended March 31, 2025. The company had submitted a waiver request, and the NSE has considered it favorably, canceling the penalty. The original fine pertained to a late filing of financial results, and the NSE's letter confirming the waiver is attached as an annexure.
Positive for shareholders — the financial penalty that had been levied on the company has been officially removed, reducing any potential outflow and signaling that the exchange accepted the company's explanation for the delay.