Avantel Limited has informed the Exchange regarding 'Intimation of Board of Directors Comments on Fines Levied by Stock Exchanges'.
AVANTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Avantel Limited informed BSE and NSE about the Board of Directors' response to fines levied by the stock exchanges on June 13, 2025, and July 11, 2025. The fines were imposed for delayed compliance with Regulation 29(2) and Regulation 27(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The Company has already paid these fines. The Board described the delays as inadvertent and unintentional and instructed management to ensure timely compliance going forward.
This is a minor procedural compliance lapse with relatively small fines that have already been paid. No major regulatory action or business impact is expected, though it signals a need for tighter compliance with listing requirements.