Gujarat Industries Power Company Limited has informed the Exchange about acceptance of waiver application by NSE.
GIPCL · price
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Awaiting price reaction for this filing.
Gujarat Industries Power Company Limited (GIPCL) had applied on October 22, 2024 and November 27, 2024 for waiver of fines related to non-compliance with Regulation 21(2) and Regulation 34 of SEBI (LODR) Regulations, 2015. The fines were for the quarter ended September 30, 2024 (Reg 21) and the period ended March 31, 2024 (Reg 34). BSE, the designated stock exchange, had already approved the waiver in December 2024 and March 2025. Now NSE has also approved the waiver request via its letter dated April 23, 2025, following the SEBI policy of March 22, 2022 on maintaining uniformity across exchanges. The Board of Directors took note of this development at its meeting on May 22, 2025.
This is a positive, routine compliance update — GIPCL is relieved from paying SEBI LODR fines for delayed/non-filed disclosures. No material financial or operational impact on shareholders; the stock price is unlikely to move meaningfully on this news.