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IEC Education has paid a fine of Rs. 3,09,960 (after TDS deduction of Rs. 28,700) to BSE Limited on February 13, 2026. The fine was originally levied at Rs. 2,87,000 plus Rs. 51,660 in GST for non-compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. BSE had declined to waive the penalty despite the company's request. The matter was placed before the Board, which has directed the management to ensure full compliance with SEBI LODR going forward.
The penalty amount is small and not material to the company's financials, but it flags past lapses in timely compliance with listing regulations. Shareholders should note that the Board has acknowledged the issue and committed to stricter compliance, reducing the risk of repeat penalties.