Details of Payment of Fines under Regulation 57(1) of SEBI (LODR) Regulation 2015 with respect to issuers of NCDs
Awaiting price reaction for this filing.
Muthoot Finance received a notice from BSE dated April 30, 2025 for non-compliance with Regulation 57(1) of the SEBI (LODR) Regulations, 2015, which applies to issuers of Non-Convertible Debentures (NCDs). A fine was imposed on the company for this non-compliance. The company paid the fine to BSE on May 13, 2025 and informed the Board of Directors at their meeting on May 14, 2025. The Board reviewed the matter and directed the Compliance department to strengthen oversight of all SEBI and stock exchange regulatory obligations. The company stated that comprehensive remedial actions have been put in place to ensure timely compliance going forward.
This is a routine regulatory compliance matter that has been fully resolved. The fine has been paid, and while it reflects a past lapse in meeting disclosure timelines for NCD-related obligations, the company's prompt response and remedial measures should limit any lasting impact on the stock or shareholder sentiment.