Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
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BSE Limited has imposed a fine of Rs. 9,440 on ISF Ltd under Regulation 6(1) of the SEBI Listing Regulations. The penalty was levied because the company failed to appoint a qualified Company Secretary as its Compliance Officer for the quarter ended March 2025. This gap arose after Ms. Manisha Saxena ceased to be the Compliance Officer with effect from 23rd December 2024. The company stated it is actively working on appointing a suitable replacement and acknowledged an internal gap that delayed this disclosure. The financial impact is nil apart from the small penalty amount.
The penalty is very minor (Rs. 9,440) and unlikely to affect the stock price or operations materially. However, the episode highlights a governance lapse — the company operated without a Compliance Officer for over four months, which shareholders should monitor going forward to ensure timely disclosures resume.