This is in reference to the email received dated 20th February 2026 and also 9th March 2026 intimating the Reminder for freezing of Promoters'' demat account regarding the non-appointment ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Chennai Meenakshi Multispeciality Hospital has filed a waiver application with BSE (dated 7 March 2026) seeking full waiver of a penalty imposed under SEBI's LODR Regulations for the delayed appointment of a Company Secretary. The company paid a waiver fee of Rs 11,800 (Rs 10,000 + 18% GST) and has now confirmed that Mrs. M.S. Anantha Lakshmi was appointed as Company Secretary & Compliance Officer effective 9 January 2026, bringing it into compliance. BSE had earlier issued reminders on 20 February and 9 March 2026 threatening to freeze the promoters' demat accounts if the appointment issue was not resolved. In its representation, the company cited genuine recruitment difficulties (advertised in The New Indian Express on 22 October 2025) and pointed to severe financial stress — a net loss of Rs 1.56 crore for FY25 and a negative networth of Rs 1.89 crore — as reasons why paying a heavy penalty would further weaken its working capital.
If the waiver is granted, the regulatory matter closes cleanly with no financial hit to shareholders. If denied, BSE could proceed with freezing the promoters' demat accounts, which may restrict share transactions by promoter entities and add to the stock's negative sentiment. The filing also puts the spotlight on the company's weak finances — widening losses, negative networth, and a Rs 10.62 crore secured loan from a deceased former promoter — which are material concerns for retail investors.