Disclosure under Regulation 30 of SEBI LODR Regulations 2015
GREENPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orient Green Power Company Ltd received penalty fines of Rs. 3,20,960 (Rs. 1,60,480 each from BSE and NSE inclusive of GST) for alleged violation of Regulation 17(1A) of SEBI LODR Regulations for quarters ended June 2023 and September 2023. The company had submitted a waiver application to BSE as per SEBI circular, but the Internal Regulatory Oversight and Review Group (IRORG) of BSE rejected this waiver application on April 30, 2026. The company maintains the non-compliance was not deliberate or material. The fine amount was already remitted to both exchanges under protest. The rejection of the waiver means the penalties stand.
The financial impact is already absorbed as the fines were deposited earlier. However, the rejection of the waiver application confirms the penalties will remain on record, which could be viewed negatively by investors as it reflects regulatory non-compliance.