Announced Mon, 17 Aug · 17:58 IST
Anik Industries: Board comments on exchange fine for Reg 33 non-compliance
ANIKINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.3%1-day move
₹42.80
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.3+2.8+6.3+7.5+11.0+9.8+5.1+4.2——
Up moveDown movePending
AI summary
Anik Industries' Board noted a fine of Rs. 1,00,300 each from BSE and NSE (about Rs 2 lakh total) for non-compliance with Regulation 33 of Listing Regulations. The Board stated the lapse was unintentional, caused by CFO Mr. Gautam Jain's health issues which led to cancellation of the May 30 board meeting. The Company says it has strengthened processes to avoid future delays.
Likely market impact
Minor financial penalty for compliance lapse due to CFO's health issues. Company has pledged to strengthen compliance processes.