Board Comments on the fine paid by the company for the delayed compliance under reg 23(9) of SEBI LODR for disclosure of related party transaction.
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Kreon Finnancial Services Ltd was fined by BSE for delaying the submission of its half-yearly disclosure of Related Party Transactions under Regulation 23(9) of the SEBI LODR Regulations for the period ended September 30, 2025. The Board of Directors, at its meeting on February 13, 2026, noted that the delay was due to a technical issue and was inadvertent and unintentional. The fine amount has been fully paid. The Board has directed management to strengthen internal compliance monitoring and reporting systems to avoid any repeat of such lapses.
This is a minor regulatory compliance lapse with no material financial or operational impact on the business. The fine has already been paid and the issue is closed, but it signals weak compliance processes, which retail investors should monitor going forward.