Minda Corporation Limited has informed the Exchange regarding 'Waiver of fine by BSE Limited (Exchange)'.
MINDACORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Minda Corporation has informed the exchanges that BSE has waived the fine of INR 1,41,600 each that was imposed under three SEBI Listing Regulations (18(1), 19, and 20) for non-compliance. The original penalties were communicated in August 2024 and related to board/committee composition requirements. BSE has confirmed the waiver via email dated May 15, 2025, while advising the company to exercise greater caution and strictly comply with SEBI and exchange circulars going forward.
Positive for shareholders as the financial burden of the penalty has been removed. However, the advisory to exercise caution suggests the exchanges are still monitoring compliance, which could lead to stricter scrutiny in future filings.