The company has received waiver letter from BSE for the fine imposed on 30th May 2025 under Regulation 19(1) of SEBI(LODR) Regulations
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE has waived the fine of Rs. 2,05,320 (including GST) that was imposed on May 30, 2025 on Garment Mantra Lifestyle Ltd for delayed or non-compliance with the composition of the Nomination and Remuneration Committee under Regulation 19(1) of SEBI (LODR) Regulations for the quarter ended March 31, 2025. Separately, the company received an email from BSE on January 6, 2026 showing an outstanding Standard Operating Procedure (SOP) fine of Rs. 49,00,000 (excluding GST) for the quarters ended June 2020, September 2020, and March 2021. The company says it had already received waivers for the June 2020 and September 2020 fines earlier, but BSE did not update its records. No communication has been received for the March 2021 quarter. The company has written to BSE seeking resolution and is awaiting a response.
Positive for shareholders as the Rs. 2.05 lakh penalty has been waived with no financial impact on the company. The Rs. 49 lakh outstanding appears to be a record-keeping error by BSE for already-waived fines, and the company expects clarification — but until BSE responds, this remains a pending matter to monitor.