Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
AVANTEL · price
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Avantel Limited received notices from both BSE and NSE on June 13, 2025, each imposing a penalty of Rs. 10,000 for failing to provide prior intimation about a board meeting held on May 1, 2025, as required under Regulation 29(2) of SEBI's Listing Regulations. The total fine of Rs. 20,000 was paid by the company on June 14, 2025. Avantel confirmed that there is no material impact on its financials or operations from this non-compliance. The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015.
The financial impact is negligible at just Rs. 20,000 in total penalties, but the incident points to a gap in timely compliance with exchange disclosure rules, which is a minor governance red flag for investors to monitor.