Announced Sat, 23 May · 15:00 IST

Announcement under regulation 30 of SEBI (LODR) Regulations 2015

Sebi PenaltyRegulatory & Legal View source PDF

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

Price reaction · full curve 14 horizons · vs prior close

+4.5%1-day move

₹134.00

prior close

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base price

After-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+4.5+8.4+14.2+9.7+3.0+5.4+7.3+10.7+22.4—

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AI summary

GG Automotive Gears Ltd has filed an appeal with the Securities Appellant Tribunal (SAT) challenging a fine levied by BSE Limited. The fine was imposed by BSE's Internal Regulatory Oversight and Review Group (IRORG) on 24th March, 2026 for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015. Regulation 17(1) typically pertains to board composition requirements including quorum and independent director mandates. The company is contesting the penalty through the appellate process.

Likely market impact

This indicates a regulatory compliance issue related to board governance standards. While the appeal is pending, the underlying fine suggests potential governance weaknesses that investors should monitor. Resolution could result in either the penalty being upheld or overturned.