Nagreeka Exports Limited has informed the Exchange about General Updates
NAGREEKEXP · price
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Nagreeka Exports received a notice from NSE on June 13, 2025 for non-compliance under Regulation 29(2)/29(3) of SEBI LODR Regulations, attracting a fine of Rs. 10,000 plus 18% GST (total Rs. 11,800). The issue relates to the company's May 19, 2025 intimation of a board meeting, where it failed to specify the exact sub-clause of Regulation 29 it was citing. The company states this was an inadvertent oversight and that the intimation itself was filed within the prescribed timeline. Nagreeka has submitted a waiver application to NSE and paid the waiver processing fee of Rs. 11,800 on June 21, 2025. The company says there is no financial or material impact on its operations and has committed to strengthening internal compliance processes.
This is a minor procedural compliance issue with a small penalty that the company is actively seeking to have waived. No impact on business operations, financials, or order book is expected. Investors should note the compliance lapse but it is unlikely to materially affect the stock price.