Reliance Communications Limited has informed the Exchange with respect to cautionary emails received from National Stock Exchange of India Limited and BSE Limited
RCOM · price
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Reliance Communications (RCOM) disclosed that NSE and BSE sent cautionary emails on April 1, 2025 for the late filing of a stock exchange disclosure related to a SEBI order dated August 22, 2024, which restrained certain entities and persons from accessing the securities market. RCOM was required to disclose the order within 24 hours but submitted its intimation on August 25, 2024, roughly three days late. The company blamed the delay on the Resolution Professional learning of the order only via media on August 23, 2024, lack of intimation from the erstwhile promoters, and operational strain from mass employee attrition during the ongoing insolvency process. The exchanges have warned that any future non-compliance will be treated seriously and could attract further action. RCOM stated the cautionary emails have no financial, operational, or other impact on the company.
The cautionary emails themselves carry no monetary penalty, but they flag persistent compliance weaknesses at a company already under CIRP since June 2019 with no resolution yet. For shareholders, this is another sign of governance and operational stress, and repeated lapses could invite stricter exchange action.