Reliable Data Services Limited has informed the Exchange about Action(s) initiated or orders passed
RELIABLE · price
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Reliable Data Services Limited has been fined Rs. 2,59,600 each by NSE and BSE (total Rs. 5,19,200 including GST) for non-compliance with SEBI LODR Regulation 17(1) for the quarter ended March 31, 2026. The violation relates to failure to maintain proper board composition, specifically the requirement to have a woman director on the board. The fine accumulated over 44 days at Rs. 5,000 per day. Both exchanges have warned that consecutive non-compliance could result in the stock being moved to Z category and suspension of trading. The company stated it will file for a waiver of the fines.
The penalty represents a modest financial impact of about Rs. 5.2 lakh. However, this signals weak corporate governance practices. If the company fails to comply and achieve a waiver, it faces risk of trading restrictions being imposed, which would severely impact liquidity and shareholder access to the stock.