BSE fine of Rs 2,360 for delayed secretarial compliance report

Sebi PenaltyRegulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹1.60

prior close

₹1.68

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+5.7% vs market

Stationary peers, median of 7sector-1.2%+6.2% vs sector

On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 6.2 pts more than its Stationary peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

+5.0-0.7+5.7-1.2+6.2

Next day

+10.0-0.8+10.8-0.3+10.3

+7.5-1.4+8.9-1.1+8.6

+4.4-1.7+6.1-2.9+7.3

+1.9-0.7+2.5-3.3+5.2

+0.6-0.5+1.1-2.9+3.5

+3.1+0.0+3.1-0.9+4.0

15d

+0.0+0.5-0.5-5.3+5.3

+5.0-1.9+6.9-7.5+12.5

-18.1+4.3-22.4-9.5-8.6

-12.5+5.8-18.3-13.9+1.4

UpDownMarket · Nifty Microcap 250Sector · Stationary peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Gala Global Products received a fine of Rs 2,360 including GST from BSE for not submitting its secretarial compliance report on time under Regulation 24A(2) of SEBI Listing Regulations for the year ended March 2026. The company received the notice on 22 June 2026 and has 15 days to pay. The financial impact is limited to just the fine amount, with no impact on operations mentioned.

Likely market impact

Minor procedural lapse with negligible financial impact. Signals weak compliance discipline but unlikely to affect share price materially.