Announcement under Regulation 30 of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015 pursuant to waring letter received from the stock exchange.
HARDWYN · price
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Hardwyn India Ltd has disclosed that it received a warning letter from BSE under Regulation 4(2)(e) of SEBI LODR Regulations, 2015. The issue relates to FY ending March 2024, where the company had sought an extension from ROC Delhi for submitting its annual report but did not adequately inform the stock exchange about this extension. Due to this lapse, fines were already levied on the company for non-submission of the annual report within the prescribed timelines. The company has acknowledged the error and committed to exercising greater due diligence and accuracy in future disclosures.
This is a procedural compliance warning rather than a major regulatory action — no market ban or heavy penalty. However, it flags governance and disclosure-quality concerns, and shareholders should note the company has already faced fines for late annual report submission, reflecting weak compliance discipline.