Board replies to BSE and NSE fine for delay in appointing Company Secretary
ASAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE and NSE fined ASAL for delay in appointing a Company Secretary under SEBI LODR Regulation 6(1) for the quarter ending March 31, 2026. The Board said the delay was unintentional, caused by difficulty finding a suitable candidate and the selected candidate's mandatory notice period at the previous employer. Mr. Krishna Dayma was appointed as Company Secretary from March 13, 2026. The fine along with GST has been paid. The Board has called for stronger internal monitoring to prevent recurrence.
Minor regulatory penalty for a compliance lapse. Already remediated with appointment made and fine paid. Limited impact on shareholders.