Announced Wed, 3 Jun, 2026 · 12:17 IST
Board comments on fine for non-compliance with board composition norms
RELIABLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹138.30
prior close
₹136.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.3+0.5+1.0-0.9+5.5+4.1+5.6+3.0+6.3+10.6+7.7+5.5+0.5
Up moveDown movePending
AI summary
Reliable Data Services received a fine of Rs 47,200 (including GST) from NSE and BSE for non-compliance with SEBI LODR Regulation 17(1) on board composition for 8 days in Q4 2025. The board clarified the delay was due to due diligence issues in finding a suitable independent director, was not wilful, and the company has since appointed Mrs. Bhoomika Aditya Gupta as Independent Director from Feb 14, 2026, making it compliant. The company has paid the fine and filed a waiver application.
Likely market impact
Minor fine now resolved. Risk: repeat non-compliance next quarter could move stock to Z category and freeze promoter holdings.