Announcement under Regulation 30 of SEBI(LODR) Regulations 2015 as Company received mail regarding fine imposed upon company by BSE
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Aravali Securities & Finance Ltd informed BSE on January 22, 2026 that it received a communication on January 6, 2026 from BSE imposing a fine of Rs. 14,26,620 (including GST) each payable to BSE for non-compliance with Regulations 17(1), 18(1), 19(1)/(2), and 20(2)/(2A) of SEBI Listing Regulations relating to the composition of the Board, Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee for the quarters ended March 2020 and June 2025. The company says the non-compliance under the June 2025 quarter was caused by a clerical error in the Integrated Governance Report, where the cessation date of an Independent Director was not updated, and the Company Secretary faced medical complications that delayed reporting. The company has filed a revised governance report on October 28, 2025, submitted a waiver application to BSE, and noted that promoter demat accounts have been frozen under the SEBI Master Circular pending resolution.
The fine of around Rs. 14.27 lakh is financially small for the company, but the freezing of promoter demat accounts is a more material concern as it restricts share trading by promoters until the issue is resolved. The final impact on shareholders depends on BSE's decision on the waiver application currently under review.