Intimation under Regulation 30 of SEBI Listing Regulation read with Schedule III
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jagan Lamps Ltd has been fined Rs. 85,22,397 (approximately Rs. 85.22 lakhs) by BSE for alleged non-compliance and delays in filing under SEBI Listing Regulations 27(2), 31, 33, and 34. BSE's internal review committee rejected the company's application seeking a waiver of this fine. The company has stated there is no material impact on its financial or operational activities beyond the penalty amount. Jagan Lamps is planning to seek a review of the order or take other suitable legal action.
The penalty of ~Rs. 85 lakhs is a relatively small one-time financial hit with no operational disruption, but it signals compliance failures that shareholders should monitor. The company's decision to challenge the order could either reduce the penalty or lead to additional uncertainty.