Intimation of fine imposed by BSE Limited for non-compliance with Regulation 17(1) of the SEBI LODR Regulations.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE Limited has imposed a fine of ₹1,55,000 plus GST on GTT Data Solutions Ltd for failing to maintain at least 50% independent directors on its Board, as required under SEBI LODR Regulation 17(1). The violation occurred after the company appointed an additional Non-Executive Director, which increased board size and reduced the proportion of Independent Directors below the prescribed threshold. The company has since remedied the issue by appointing Mr. Sai Manik Sud as an Independent Director effective 26 May 2026. BSE imposed this fine under the SEBI Standard Operating Procedure for non-compliance with Listing Regulations.
The fine of ₹1.55 lakh is a minor financial impact with no effect on operations. The compliance issue has been fully resolved with the new appointment, which is positive for shareholders as the company is now compliant with board composition requirements.