The Company has filed waiver application before NSE for regulation 17 (1)c relating to non - constitution of the Board within the prescribed limit and regulation 6 relating to non-appointment ....
AKSHAR · price
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Akshar Spintex Ltd received notices from NSE for failing to comply with two SEBI LODR provisions. The company did not have a properly constituted Board (minimum 6 directors) for 84 days between November 2025 and February 2026, and failed to appoint a qualified Company Secretary as Compliance Officer for 17 days between September and October 2025. The company submitted waiver requests citing reasons beyond its control, but NSE rejected both applications. A total penalty of Rs 5,15,660 (including GST) was levied, which the company paid on May 13, 2026.
The company has settled the penalty but the underlying compliance issues regarding board composition and compliance officer appointment remain unresolved, which could attract further regulatory scrutiny if not addressed promptly.