Board comments on fine levied by the Exchange
RSYSTEMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
R Systems International Limited received fines of Rs. 5,000/- each from BSE and NSE for delayed submission of Related Party Transaction (RPT) disclosure under SEBI Regulation 23(9) for the half-year ended December 31, 2025. The company attributed the delay to technical errors on the stock exchange portals, stating the actual delay was only 17 minutes past midnight. The company paid the fines on March 20, 2026, and subsequently filed a waiver application which was rejected by both exchanges. The Board reviewed the matter on May 6, 2026, and noted the delay was due to technical issues beyond the company's control without any mala fide intent. The Board directed management to strengthen RPT upload processes and maintain better documentation of portal interactions.
This is a minor regulatory penalty with negligible financial impact (Rs. 10,000 total plus GST). The company's disclosure suggests no systemic compliance failure, though the rejected waiver application indicates exchanges were not convinced by the technical issues defense.