Disclosure under Regulation 30 of the SEBI [Listing Obligations and Disclosure Requirements] Regulations, 2015
GREENPOWER · price
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Orient Green Power Company received penalty fines totaling Rs. 3,20,960 (Rs. 1,60,480 each from BSE and NSE) for alleged violation of Regulation 17(1A) of the SEBI (LODR) Regulations, 2015, related to quarters ending June 2023 and September 2023. The company submitted a waiver application to BSE as per SEBI circular dated January 22, 2020, which was rejected by BSE's Internal Regulatory Oversight and Review Group (IRORG) via email on April 30, 2026. The company maintains it acted in good faith and denies deliberate non-compliance. The fine amount was already remitted to both exchanges under protest at the time of the waiver application, so there is no fresh financial impact from this decision.
The rejection of the waiver means the penalty stands. Since the amount was already deposited, there is no immediate financial impact, but the non-compliance finding remains on record and could attract further regulatory scrutiny.