Disclosure under Regulation 30 of SEBI (LODR), 2015 -Payment of fine
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SGL Resources Ltd received a fine of Rs. 11,800 (including GST) from BSE Limited for failing to provide timely prior intimation about a board meeting held on March 3, 2026, in violation of Regulation 29 of SEBI (LODR) Regulations, 2015. The company paid the fine on April 28, 2026. The company attributes the delay to a technical error in counting working days and states there was no malafide intention or attempt to withhold material information from the exchange or investors. The company has implemented corrective measures and strengthened internal compliance procedures to prevent recurrence. The company also plans to apply to BSE for a waiver of the penalty.
The fine amount is small (Rs. 11,800) and the company has paid it, indicating no immediate material impact on finances. However, it reflects minor compliance lapses. The stock may see minor negative sentiment until waiver is obtained.