JHS Svendgaard Retail Ventures Limited has informed the Exchange about Board comments on fine levied by the Exchange .
RETAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
JHS Svendgaard Retail Ventures informed the exchanges that its Board has reviewed a fine imposed by BSE and NSE for delayed compliance with SEBI LODR Regulation 29(2)/29(3) for the month ended March 31, 2025. The non-compliance was related to a delay in furnishing prior intimation about a board meeting. The total fine levied was Rs 11,800 (Rs 10,000 base fine + Rs 1,800 GST at 18%) and the company has already paid it within the prescribed deadline. The Board concluded that the delay was unintentional and directed management to ensure timely compliance in the future. The company has placed this information on its website.
This is a minor administrative penalty with negligible financial impact (Rs 11,800) on the company. No material effect on share price is expected, though it signals a procedural compliance lapse that the Board has acknowledged and committed to rectify.