Announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - for levy of Fine
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BSE Limited has imposed a fine of Rs. 10,85,600 (inclusive of GST) on Automobile Products of India Limited for not maintaining the required minimum public shareholding under Regulation 38 of SEBI (LODR) Regulations, 2015. The penalty covers the quarter from 1st July 2025 to 30th September 2025 and was communicated to the company via email on 11th November 2025. The company has informed that it is evaluating various options to achieve compliance with the minimum public shareholding requirement at the earliest. This filing has been made under Regulation 30 of the SEBI Listing Regulations.
The fine amount is small, but it signals ongoing non-compliance with listing norms, which may worry investors about the company's adherence to public shareholding rules and could lead to further regulatory action if not resolved quickly.