Rushil Decor Limited has informed the Exchange about fine levied by National Stock Exchange of India Limited for Non-compliance under Regulation 162 of the SEBI (ICDR) Regulations, 2018 due to delay of 2 days in allotment of equity shares on conversion of warrants
RUSHIL · price
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Rushil Decor Limited received a notice from the National Stock Exchange (NSE) imposing a fine of ₹40,000 plus 18% GST (total ₹47,200) for a 2-day delay in allotting equity shares upon conversion of warrants issued on a preferential basis. The non-compliance relates to Regulation 162 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, with the delay recorded for the allotment due on July 31, 2025. The company is reviewing the matter internally and is evaluating the option of filing a waiver request with the Exchange. The fine is required to be paid within 15 days, and any waiver application must include a processing fee of ₹10,000 plus GST.
The fine amount is small and unlikely to materially affect the company's financials or stock price. This is a minor procedural compliance lapse with no governance or business implications, and the company may successfully obtain a waiver.