Board comments on fine levied by the BSE Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSE Limited imposed a fine of ₹11,800 (₹10,000 basic + ₹1,800 GST) on Innovassynth Technologies for non-compliance with SEBI Listing Regulations during March 2026. The specific violation was a delay in providing prior intimation about a board meeting, under Regulation 29(2)/29(3). The Company paid the fine within the prescribed 15-day window. The Board reviewed the matter on May 29, 2026 and concluded the miss was accidental — caused by inadvertently overlooking a trading holiday when calculating the compliance deadline — with no deliberate or fraudulent intent. The Company stated it has since strengthened its internal compliance processes to prevent recurrence.
The fine is minor (₹11,800) and has already been paid, which limits direct financial impact. However, it signals weak compliance controls, and repeated violations could lead to harsher penalties such as promoter shareholding freeze or trading suspension.