Khaitan Chemicals & Fertilizers Limited has informed the Exchange regarding 'Comments of the Board Members for the fine levied for non-compliance / delayed complianceunder Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.'.
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Khaitan Chemicals & Fertilizers has submitted to the Exchange the comments of its Board Members regarding a fine imposed by SEBI for non-compliance or delayed compliance under Regulation 17 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Regulation 17 relates to the composition of the Board of Directors, including requirements on independent directors and women directors. The company has now formally recorded the Board's response to the penalty. No specific financial amount of the fine has been disclosed in this filing.
This is a procedural disclosure where the company is sharing directors' views on a regulatory penalty for board composition lapses. The financial impact on shareholders is likely minor unless the fine is material, but it signals past governance or compliance weaknesses that investors should monitor.