Reliance Chemotex Industries Limited has informed the Exchange about Disclosure Of delayed Compliance Notice From Exchange
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Reliance Chemotex Industries received notices from BSE and NSE on August 21, 2025, imposing fines for non-compliance with SEBI Listing Regulation 6(1), which requires a qualified Company Secretary to serve as Compliance Officer. The actual gap was only 7 days (May 15 to May 21, 2025), but BSE levied a fine for 47 days at Rs. 1,000 per day, totalling Rs. 55,460 (including GST), while NSE levied Rs. 8,260 (including GST). The company has stated the delay was unintentional, caused by procedural requirements for convening a Board Meeting. The company has formally requested a waiver of the fine from BSE and is awaiting further communication.
The fines are minor (about Rs. 63,720 total) and the company says there is no material impact on its financials, operations, or business activities. Shareholders are unlikely to see any meaningful effect on the stock price from this routine compliance lapse.