Elgi Rubber Company Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange'.
ELGIRUBCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NSE imposed a fine of Rs. 11,800 (Rs. 10,000 + 18% GST) on Elgi Rubber Company for failing to give the required 2 working days advance notice under Regulation 29 of SEBI LODR Regulations before its Board meeting on May 29, 2025, where a dividend proposal was to be considered. The Board acknowledged that the dividend agenda was inadvertently and unintentionally omitted from the prior intimation submitted on May 20, 2025. The Board has already paid the fine on June 16, 2025, and has directed management to be more vigilant about compliance going forward.
This is a minor procedural compliance lapse with a negligible financial impact. The fine has already been paid and the company has committed to better compliance practices, so it is unlikely to materially affect the stock price or shareholder value.