Kavveri Defence & Wireless Technologies Limited has informed the Exchange about Action(s) initiated or orders passed on Imposition of Fine for non compliance under regulation 23(9) for the half year 31.03.2025
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Kavveri Defence & Wireless Technologies informed the exchanges that NSE has levied a fine of Rs. 5,900 (including GST) for delay in submitting a disclosure required under Regulation 23(9) of SEBI's Listing Regulations for the half-year ending March 31, 2025. The company received the notice from NSE on June 27, 2025. Management has stated the non-compliance was inadvertent and unintentional, and the company is in the process of applying to NSE for a waiver of the fine. The company confirmed there is no material impact on its financial position, operations, or other activities due to this penalty.
The penalty amount is negligible at just Rs. 5,900 and the company has confirmed no material financial or operational impact. This is a minor compliance lapse in disclosure timing and should not meaningfully affect the stock price or shareholder value.