Rishabh Instruments Limited has informed the Exchange about General Updates
RISHABH · price
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Rishabh Instruments has informed the exchanges that it received warning letters from both BSE and NSE on January 6, 2026, regarding its Corporate Governance Report for FY25. The warning relates to the Audit Committee meeting held on February 7, 2025, where the required quorum under SEBI LODR Regulation 18(2)(b) was not met because only one independent director attended instead of the mandated two. The company explained that one independent director could not attend due to a last-minute unforeseen emergency, and that this was inadvertent. As a corrective step, all transactions and resolutions from that meeting were placed before and ratified by a properly constituted Audit Committee meeting on May 27, 2025. The company has stated there is no financial, operational, or other impact, and has committed to strengthening its internal compliance framework.
This is a procedural warning rather than a financial penalty, with no direct monetary or operational hit to the company. However, it is a mild negative signal on governance discipline, and shareholders should note that any repeat violation could invite stricter regulatory action from the exchanges.