AXISCADES Technologies Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange'.
AXISCADES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Both NSE and BSE fined AXISCADES Technologies Rs. 2,30,100 (including 18% GST) for non-compliance with SEBI Listing Regulation 17(1) relating to the composition of the Board, specifically the failure to appoint a woman director, for the quarter ended December 2025. The fine was calculated at Rs. 5,000 per day for 39 days of non-compliance. The company has already paid the fine to both exchanges. At its meeting on March 16, 2026, the Board noted the penalty and directed management to identify suitable candidates to fill the vacancy at the earliest. The exchanges have warned that further consecutive defaults could lead to trading being shifted to the Z category and possible suspension.
The financial impact is small and already absorbed, but this flags a corporate governance lapse that investors should monitor. If the board vacancy is not filled quickly, the stock risks being shifted to the Z category (trade-for-trade) on the exchanges, which would hurt liquidity and could weigh on the share price.