As per attachment.
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Awaiting price reaction for this filing.
GG Automotive Gears Ltd has been fined Rs. 3,06,800 by BSE for failing to comply with SEBI's Regulation 17(1) of LODR Regulations, 2015, specifically for not maintaining the required composition of the Board — the company had not appointed an Independent Director. The fine includes a basic penalty of Rs. 2,60,000 plus Rs. 46,800 in GST. The company received communication about the penalty via BSE letters/emails dated November 28, 2025, and disclosed this to the exchange on December 3, 2025. The company has stated there is no material impact on its financial or operational activities and is requesting a waiver of the fines from BSE.
The financial impact is negligible (just over Rs. 3 lakh), but this highlights a corporate governance lapse — the company operated without a mandatory Independent Director. Investors should watch whether the board composition is rectified promptly, as continued non-compliance could attract larger penalties or regulatory action.