Karma Energy Limited has informed the Exchange about Action(s) taken or orders passed
KARMAENG · price
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Karma Energy Limited has received an order from SEBI's Adjudicating Officer dated July 10, 2025, levying a monetary penalty of Rs. 2,00,000 (Rs. 2 lakh) under Section 15HB of the SEBI Act. The penalty is for two contraventions: failure to obtain prior shareholder approval before entering into a Material Related Party Transaction with Tapi Energy Projects Ltd, and failure to update its Related Party Transaction policy as required under Listing Regulations. The company has clarified that there is no material impact on its financial position, operations, or other activities due to this order. The disclosure was made under Regulation 30 of the SEBI Listing Regulations.
This is a minor, technical compliance penalty and the company has stated it has no material financial or operational impact. Shareholders are unlikely to see any meaningful effect on the stock price or business.