NSE imposes Rs.1.76 lakh fine for non-compliance under SEBI LODR regulation

SEBI penaltyRegulatory & Legal View source PDF Explain this filing

KOTARISUG · price

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹29.87

prior close

₹29.85

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.6% vs market

Sugar peers, median of 27sector-0.7%+1.2% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.2 pts more than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

+0.5-0.1+0.6-0.7+1.2

Next day

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-0.9+0.4-1.4-0.1-0.8

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15d

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-10.5-7.8-2.8-11.1+0.5

-12.0-7.2-4.7-13.3+1.4

UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NSE fined Kothari Sugars Rs.1,76,000 for not complying with SEBI LODR Regulation 17(1A) regarding Mr. C.V. Krishnan's continuation as Non-Executive Independent Director. The Explanatory Statement did not explicitly mention he would turn 75 during tenure. Company paid the fine on Sept 1, 2025 without prejudice and earlier sought waiver. Board said no material impact on operations or finances.

Likely market impact

Minor regulatory fine paid; no material impact on finances or operations. Waiver request still pending with NSE.