Announced Thu, 23 Jul · 20:10 IST
BSE imposes fine for non-compliance with minimum public shareholding rule
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
BSE levied a fine of Rs 14,98,600 on Automobile Products of India for non-compliance with the minimum public shareholding requirement under SEBI LODR Regulation 38 during January 1 to May 7, 2026. The company says it complied after a Rights Issue allotment on April 28, 2026, which brought promoter holding to 65.64 percent, below the 75 percent threshold, meeting the minimum public shareholding norm.
Likely market impact
Minor financial penalty. Company says it has restored compliance through the recent Rights Issue.