BSE levies Rs. 5.8 lakh fine for board and committee non-compliance
KARMAENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Karma Energy received a fine of Rs. 5,80,560 (including GST) from BSE Limited for non-compliance with Regulation 17 (Board composition) and Regulation 20 (Stakeholders Relationship Committee) of SEBI LODR Regulations. The communication was received on April 6, 2026. The fine relates to delays in meeting board composition requirements and failure to properly constitute or maintain the SRC. The company says the impact is limited to the fine amount with no impact on operations. It is paying the fine or filing an appeal for waiver.
Minor financial penalty of Rs. 5.8 lakh; no operational impact. Likely negligible effect on stock but weak corporate governance signal.