Ravinder Heights Limited has informed the Exchange regarding Disclosure under Regulation 30 of the SEBI(LODR) Regulations, 2015'.
RVHL · price
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Awaiting price reaction for this filing.
Stock exchanges NSE and BSE have each fined Ravinder Heights Rs. 75,520 (including 18% GST) for allegedly failing to pass a shareholder special resolution before appointing an Independent Director above 75 years of age, in alleged violation of Regulation 17(1A) of the SEBI Listing Regulations. The company appointed Mr. Chander Mohan Mehra as Additional (Non-Executive Independent) Director on November 12, 2025, and obtained shareholder approval via postal ballot on December 14, 2025. The company is contesting the fine, arguing that Regulation 17(1C) explicitly allows shareholder approval to be obtained within three months of appointment, and that it fully complied within the permitted window. The company has stated there is no material impact on its finances, operations, or other activities from these fines.
The total penalty is small (around Rs. 1.51 lakh combined) and the company has confirmed no material financial or operational impact. The matter is a routine regulatory fine that is being contested by the company, and is unlikely to affect the stock price meaningfully.