Emkay Global Financial Services Limited has informed the Exchange about General Updates about Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
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Emkay Global Financial Services has been fined Rs. 2,30,000 plus 18% GST by the National Stock Exchange (NSE) for failing to close certain VAPT (Vulnerability Assessment and Penetration Testing) vulnerabilities within the prescribed timeline for FY 2024-25. The action was communicated by NSE via email on June 11, 2025. The company has stated there is no major financial or operational impact and has already escalated the matter to both NSE and BSE seeking a review of the penalty. This is a compliance-related penalty tied to cybersecurity requirements, not related to business operations or market conduct.
The penalty amount is small relative to the company's size and unlikely to materially affect financials. However, it flags a minor compliance lapse in cybersecurity protocols, which investors may view as a governance watch-item, though the company is contesting it.