Waiver request approved by BSE Limited for SOP Fine levied under regulation 34 of SEBI (LODR) Regulation 2015
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Awaiting price reaction for this filing.
Gratex Industries had been levied a fine of Rs. 2,360 by BSE for delayed submission of its Annual Report for FY ended March 2025 under Regulation 34 of SEBI (LODR) Regulations. The company filed a waiver application on November 1, 2025, and BSE has fully accepted it on December 2, 2025. BSE noted that the Annual Report was actually uploaded within the due date but under the wrong tab (General Announcement instead of Compliance), and resubmitted under the correct tab the next day. BSE has advised the company to exercise due diligence in future filings but imposed no further penalty. The filing also lists several older historical fines for prior late submissions dating back to 2014 that still remain outstanding for payment.
No financial impact on shareholders — the Rs. 2,360 fine has been fully waived and no penalty remains for this particular non-compliance. However, the company's track record of repeated late filings (over 10 instances since 2014) signals weak compliance discipline, which is a minor governance red flag for investors to monitor.