GTL Infrastructure Limited has informed the Exchange regarding Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ''.
GTLINFRA · price
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GTL Infrastructure has been informed by NSE (Designated Exchange) on June 11, 2025 that its request to waive fines levied by BSE and NSE has been rejected. The fines were originally imposed for delay in complying with SEBI's Regulation 17(1A), which relates to the appointment and continuation of a Non-Executive, Non-Independent Director who crossed 75 years of age. The company must now pay a fine of Rs. 1,03,840 (including GST) to each of BSE and NSE, totalling roughly Rs. 2.08 lakh, by June 18, 2025. The company has accepted the exchange's decision and initiated steps to make the payment. The original non-compliance was for the quarter ended December 31, 2024.
The financial impact is negligible (around Rs. 2.08 lakh total) and unlikely to affect the stock price. However, it signals a past governance/compliance lapse regarding timely disclosure of a director's age-related approval, which investors may view as a minor red flag on compliance discipline.