Disclosure of waiver of fine levied by BSE Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE Limited had earlier fined the company for not having a properly constituted Nomination and Remuneration Committee (NRC) as required under SEBI Listing Regulations for the quarter ending March 31, 2025. The company requested a waiver of this fine, and BSE has now approved it through an email dated February 26, 2026. This means the company no longer needs to pay the penalty. However, the company also acknowledged that it was late in reporting this development to the exchange, missing the 24-hour disclosure window.
Mildly positive for shareholders as the financial penalty has been removed. The delayed disclosure is a minor compliance lapse but unlikely to have material impact on the stock price.