Apollo Micro Systems Limited has informed the Exchange regarding 'Board Comments on Fine Levied by the Exchange'.
APOLLO · price
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Awaiting price reaction for this filing.
Apollo Micro Systems has disclosed that NSE imposed a fine of Rs. 88,500 (including GST) for non-compliance/delayed compliance with Regulation 33 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The issue arose because the company mistakenly submitted Limited Review Reports instead of Statutory Auditor's Reports for both standalone and consolidated financial results for the year ended March 31, 2025. The company identified the error and filed revised financial results on May 31, 2025. The penalty amount was paid on June 30, 2025. The Board has noted this as an inadvertent, first-time error and instructed the Company Secretary to review documents more carefully before future submissions.
Minor negative — the penalty amount is immaterial to the company's financials, but the compliance lapse under SEBI LODR regulations signals weaknesses in internal review processes. Investors should monitor for any repeat occurrences, as repeated non-compliance can attract stricter regulatory action.