Board confirms payment of BSE and NSE compliance fines

Sebi PenaltyRegulatory & Legal View source PDF Explain this filing

HAPPYFORGE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹991.20

prior close

₹983.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%+2.3% vs market

Castings & Forgings peers, median of 19sector+0.3%+2.3% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.3 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.3

15m

+1.4

30m

+2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.7+0.4+2.3+0.3+2.3

Next day

+5.7+0.0+5.7+0.6+5.1

+1.0-0.2+1.2+0.8+0.2

+4.8+0.7+4.1+1.2+3.6

+4.4+0.6+3.8+0.8+3.6

+4.9+0.5+4.4+0.5+4.4

+3.7+0.3+3.4+0.0+3.7

15d

+5.4-1.5+6.9+0.7+4.7

+2.4-6.6+9.0-4.0+6.4

+17.7-3.2+20.9-4.6+22.4

+14.1-5.2+19.2-3.7+17.8

UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

On November 6, 2025, the board said BSE and NSE fines had been paid for delayed compliance with Nomination and Remuneration Committee composition rules for the quarter ended June 2025. The BSE fine was Rs 14,160, including Rs 12,000 basic fine and Rs 2,160 GST. No separate NSE amount was stated.

Likely market impact

The paid fine is a small one-off cost, but the governance lapse may weigh mildly on investor sentiment.