Radhika Jeweltech Limited has informed the Exchange regarding ''.
RADHIKAJWE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.3 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
NSE and BSE imposed a fine on Radhika Jeweltech for allegedly not obtaining shareholder approval by special resolution before appointing CA Pravinchandra Ratilal Dholakia as an Independent Director, who is over 75 years of age. The Board clarifies that the director was appointed as an Additional Independent Director on 29th March 2025, and shareholders duly approved the appointment through a special resolution at the 9th AGM on 28th June 2025, well within the 3-month window allowed under Regulation 17(1C). The Board argues that combined reading of Regulations 17(1A) and 17(1C) does not require prior approval, citing a Securities Appellate Tribunal ruling in the Nectar Life Sciences case which held that no penalty should be imposed under Regulation 17(1A) in such situations. The company has applied to BSE on 22nd September 2025 for waiver of the penalty to avoid legal proceedings.
The penalty amount is not disclosed in the filing, and the company is actively contesting it through a waiver application. If the waiver is granted (supported by the SAT precedent), the financial impact on shareholders will be negligible; otherwise, it will be a small one-time cost with no effect on the company's business operations.