Sampann Utpadan India Limited has informed the Exchange regarding 'NSE Imposed Penalty of Rs. 4,20,000'.
SAMPANN · price
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Awaiting price reaction for this filing.
NSE has levied a fine of Rs. 4,20,000 (plus 18% GST) on Sampann Utpadan India Limited for delay in filing the trading approval application for 82 lakh equity shares issued under a preferential issue. As per SEBI rules, the company was required to apply for trading approval within 7 working days of receiving listing approval, but it delayed by 21 days (due date 19 Dec 2025, actual filing 09 Jan 2026), attracting a penalty of Rs. 20,000 per day. The company has replied to NSE explaining that the delay was procedural — the NSDL credit-of-shares confirmation was only received on 09 Jan 2026 despite follow-ups, and they could not file the application without it. The company has further argued that since the 82 lakh shares are under mandatory lock-in (18 months for promoters, 6 months for non-promoters), no investor interest was harmed, and has requested NSE to waive the penalty.
The penalty amount is small relative to a listed entity and the company has provided a credible explanation with a request for waiver. Shareholders are unlikely to see any material impact on stock price or operations from this procedural lapse.