Kavveri Defence & Wireless Technologies Limited has informed the Exchange regarding 'Board comments on fine levied by NSE'.
KAVDEFENCE · price
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Awaiting price reaction for this filing.
NSE imposed a fine of Rs 94,400 (Rs 80,000 base fine + Rs 14,400 GST) on Kavveri Defence for a 4-day delay in complying with Schedule XIX Para (2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, with the delay starting May 31, 2025. The company's Board met on August 30, 2025 and discussed the matter, attributing the delay to a technical glitch faced while uploading the required information on the NSE website. The Board has decided to submit the necessary documentation and apply to NSE for a waiver of the fine. A processing fee of Rs 10,000 plus 18% GST would apply if the fine is above Rs 5,000, and the company must first achieve compliance before the waiver request is considered.
This is a minor regulatory compliance issue with a relatively small fine (~Rs 94,400) and the company is proactively seeking a waiver, so the direct financial and stock price impact is likely limited. However, repeated compliance lapses could attract stricter regulatory scrutiny in the future.