Please find attached Board Comments on Fine levied by Exchange.
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Awaiting price reaction for this filing.
BSE imposed a fine of Rs. 2,000 (plus 18% GST = Rs. 2,360 total) on Gratex Industries for a one-day delay in submitting its Annual Report under Regulation 34 of SEBI LODR for FY ended March 2025. The company had actually dispatched the Annual Report to shareholders on 11 August 2025 and uploaded it on BSE the same day, but under a different tab/category. BSE flagged the tab selection and the company re-submitted under the 'Compliance' head the next day (12 August 2025), which BSE treated as a one-day delay. The Board has reviewed the matter and believes the submission was made on time with no intent to hide information — only the path selection differed. The company had already filed a waiver application with BSE on 1 November 2025, and the Board is requesting BSE to consider it.
The fine amount is negligible (Rs. 2,360) and is unlikely to affect the stock price. However, BSE has warned that a second consecutive year of non-compliance with Regulation 34 could result in the stock being moved to the Z group and facing trading suspension, so shareholders should watch for timely future annual report filings.