Announcement under Regulation 30 after inserted additional details as required by BSE
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Aravali Securities & Finance Ltd received an email from BSE on January 6, 2026, imposing a fine of Rs. 14,26,620 (inclusive of GST) for non-compliance with certain provisions of the SEBI Listing Regulations. The non-compliance relates to Regulations 17(1), 18(1), 19(1)/19(2), and 20(2)/(2A) concerning the composition of the Board, Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee for the periods March 2020 and June 2025. The company explained that the delay in disclosure was due to needing to verify historical records from the COVID-19 pandemic period and that they made multiple follow-ups with BSE. The company states there is no material financial impact beyond the fine, and that the non-compliances have since been rectified, with the company now fully compliant.
The Rs. 14.27 lakh fine is a minor financial burden for the company. However, the recurring nature of these non-compliances (both in 2020 and 2025) raises governance concerns that could affect investor confidence. The company has assured full compliance as of date, but shareholders should monitor whether such lapses recur.