Announced Mon, 16 Jun · 14:14 IST

Announcement under regulation 30 (LODR)

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Elnet Technologies has disclosed additional details regarding a fine of Rs. 2,05,320 (inclusive of GST) levied by BSE Limited for non-compliance with the constitution of the Audit Committee as required under Regulation 18(1) of SEBI Listing Regulations. BSE communicated this to the company via email on May 29, 2025. The company had earlier filed an initial intimation on June 4, 2025, but delayed filing beyond the 24-hour requirement due to technical glitches. Now responding to BSE's follow-up query dated June 13, 2025, the company has explained the delay and assured future regulatory compliance.

Likely market impact

Minor one-time penalty of approximately Rs. 2.05 lakh for a governance/compliance lapse; impact is limited to the fine amount with no effect on operations beyond that. Investors may note the Audit Committee composition issue but the financial impact is negligible.