Mangalam Worldwide Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
MWL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mangalam Worldwide Limited has informed the exchange about a penalty notice received from the National Stock Exchange (NSE) dated June 27, 2025, levying a fine of Rs. 1,30,000 plus GST for 26 days of non-compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015, related to the non-submission of half-yearly financial figures for the period ended March 31, 2025. The company is contesting the penalty, arguing that it voluntarily adopted Main Board compliance requirements since April 1, 2024 (including Ind-AS accounting), and that it has been submitting quarterly results to NSE in a timely manner during FY 2024-25. The company has requested NSE to withdraw the notice. Earlier in June, NSE had also raised four clarifications on the company's April 30, 2025 results submission (auditor's utilization certificate, standalone and consolidated reconciliations, and XBRL SOD details), to which the company has already responded.
The Rs. 1.3 lakh penalty (plus GST) is financially negligible for shareholders, and the company is actively contesting it, so material impact on the stock is unlikely. However, the episode highlights compliance gaps in financial reporting during the company's ongoing migration from NSE Emerge to the Main Board, which investors may want to monitor.