Ravinder Heights Limited has informed the Exchange regarding 'Ravinder Heights Limited has informed the Exchange about intimation of fine Paid.'.
RVHL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ravinder Heights Limited has paid fines of about Rs 1.38 lakh in total (Rs 69,120 each to NSE and BSE after TDS deduction) on March 5, 2026. The stock exchanges had levied these fines for alleged non-compliance with Regulation 17(1A) of SEBI Listing Regulations, relating to the appointment of an Independent Director above 75 years of age without prior shareholder approval. The company appointed Mr. Chander Mohan Mehra as an Independent Director on November 12, 2025, and subsequently obtained shareholder approval through a postal ballot on December 14, 2025. The company argues it fully complied with the regulations, as prior approval is not mandatory and can be obtained within three months of appointment. The company has confirmed there is no material impact on its financials, operations, or other activities.
This is a minor, one-time regulatory fine with negligible financial impact (less than Rs 1.5 lakh total) and no operational disruption. The company's explanation suggests it complied with the spirit of the regulation, and the issue is unlikely to materially affect the stock price or shareholder value.