Waiver Request approved by BSE Limited for SOP Fines levied under Regulation 13(3) of SEBI LODR Regulation 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE Limited has approved Gratex Industries' waiver request for a fine of Rs. 19,000 (excluding GST) that was levied for non-submission of the statement of investor complaints under Regulation 13(3) for Q4 March 2025. The company had filed its Integrated Filing (Governance) Report on April 16, 2025, before the deadline, and correctly reported NIL complaints in the notes tab. However, it had incorrectly selected 'No' for the applicability clause regarding Investor Grievance Redressal Report, which required reporting NIL complaints as 'Yes'. The company corrected this on May 21, 2025. BSE's Internal Regulatory Oversight and Review Group granted the waiver on April 29, 2026, noting the company's good compliance record. The company paid a waiver processing fee of Rs. 11,800 (incl. GST) on May 28, 2025, and has inquired about a possible refund.
Positive for shareholders as the fine has been waived, indicating the company has maintained reasonable compliance standards despite the procedural error. The stock is unlikely to face negative repercussions from this regulatory matter.