Fedbank Financial Services Limited has informed the Exchange regarding 'Disclosure of waiver of fine levied by BSE'.
FEDFINA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fedbank Financial Services informed the exchanges that BSE has rejected the company's request to waive a fine of Rs. 11,800 (inclusive of GST). The fine was levied for a one-working-day delay in submitting the record date notice for ISIN INE007N07041 — the company intimated BSE on August 31, 2023 instead of the required August 30, 2023. The company said the delay was purely inadvertent, caused by a miscalculation of the 7 working days' period, and no debenture holder queries were received during that time. The waiver request, filed on January 4, 2024, was rejected by BSE on March 2, 2026, and the fine has now been paid.
This is a very minor compliance matter with negligible financial impact. The amount is trivial relative to the company's size, and no material effect on shareholders or the stock price is expected.