Please find attached the submission in respect to Board comments on fine levied by the Exchange.
DDEVPLSTIK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ddev Plastiks Industries Ltd received penalty notices from BSE and NSE in March 2026 for failing to provide prior intimation of a Board meeting held on 10th February 2026, where an interim dividend was declared. This violated Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fine imposed was Rs. 10,000 plus Rs. 1,800 GST, totaling Rs. 11,800, which was paid on 16th March 2026. The company's Board reviewed this matter at its meeting on 25th May 2026 and noted this was a first-time unintentional lapse. The Board advised Key Managerial Personnel to ensure strict and timely compliance with all regulatory requirements going forward and directed the compliance team to closely monitor statutory filings to prevent recurrence.
This is a routine regulatory compliance matter involving a relatively minor penalty (Rs. 11,800) for procedural non-compliance. The fine has been paid and the company has taken steps to strengthen its compliance framework. The stock is unlikely to face significant negative impact as the violation was unintentional and first-time in nature.