The Company has received an email from BSE for levying fine for non-compliant of Regulation 29.
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Awaiting price reaction for this filing.
Shah Construction Company has been fined Rs. 11,800 (inclusive of GST) by BSE for delaying the prior intimation of a board meeting, as required under SEBI Listing Regulation 29(2)/(3). The company received the notice from BSE on 15th September 2025 and disclosed it on 18th September 2025 under Regulation 30 of the SEBI LODR. This was purely a procedural compliance lapse in announcing the board meeting in advance. The company has stated there is no financial, operational, or other impact from this penalty.
This is a minor procedural penalty of Rs. 11,800 with no material impact on the company's financials or operations. It is unlikely to affect the stock price, though it signals a weak compliance culture that retail investors should monitor.