Kavveri Defence & Wireless Technologies Limited has informed the Exchange regarding 'Board comments on fine levied by the exchange'.
KAVDEFENCE · price
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Kavveri Defence informed the exchanges that the NSE had levied a fine for non-compliance with SEBI's Listing Regulations, specifically the requirement to report related party transactions for the quarter and year ended March 31, 2025. The fine was communicated by NSE in a letter dated June 27, 2025. The Board of Directors met on August 14, 2025 and reviewed the matter, noting that the delay in compliance was inadvertent and unintentional. The Board committed to strictly adhering to prescribed timelines going forward and noted that a waiver request has already been submitted to NSE.
This is a relatively minor regulatory compliance issue involving a procedural lapse in related party disclosure rather than a serious violation. The fine amount is not disclosed in the filing, and the company's request for waiver could potentially reduce or eliminate the penalty. Short-term stock impact is likely limited, but repeated compliance lapses could affect investor confidence over time.