Board Comments on the fine levied by the Exchange (BSE).
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BSE had flagged that Monarch Surveyors failed to submit its shareholder complaints statement on time under Regulation 13(3) of the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company's board met on April 9, 2026, reviewed the matter and said the non-compliance was not deliberate. The board confirmed that the penalty/fine imposed by the exchange has already been paid. The company has also stated it is strengthening internal processes to avoid such delays in the future.
This is a minor regulatory compliance lapse with no impact on business operations or financials beyond the fine already paid. Shareholders need not worry, but it signals the need for tighter compliance with listing deadlines going forward.