Board comments on fine levied by the Exchange
PRUDMOULI · price
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Prudential Sugar Corporation informed the stock exchanges that its Board, at a meeting held on August 13, 2025, was briefed about a fine imposed by the NSE for non-compliance with Regulation 24(A) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The non-compliance was for 1 day during the financial year ended March 31, 2025, attracting a fine of Rs. 2,000 plus 18% GST, totalling Rs. 2,360. The Board took serious note of the lapse and committed to ensuring better compliance with listing rules going forward. The company can also apply for a waiver of the fine, but only after rectifying the compliance issue.
The fine is very small (Rs. 2,360) and unlikely to affect the company's financials. However, this is a regulatory compliance lapse that may concern investors about governance standards. Failure to pay or seek a timely waiver could risk freezing of promoter shareholdings, though the company appears to be addressing the issue.