Heranba Industries Limited has informed the Exchange regarding 'Board comments on the fine levied by the Exchanges'.
HERANBA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE and NSE each levied a Rs. 10,000 fine on Heranba Industries for not providing 2 working days advance notice before declaring a dividend. The company has paid both penalties. The Board explained that the dividend was taken up as an 'Other Agenda Item' at the May 23, 2025 board meeting with the Chair's permission, making prior intimation technically not possible. The Board acknowledged this as an oversight under SEBI LODR Regulation 29 and committed to strengthening internal compliance processes and monitoring mechanisms to avoid recurrence.
The financial impact is negligible (Rs. 20,000 total fine). This is a minor procedural compliance lapse with no material effect on operations or shareholder value. However, repeated non-compliance could attract larger penalties or regulatory scrutiny, so investors may want to monitor the company's future filing discipline.