We are hereby submitting Disclosure under Regulation 30 of SEBI (LODR) regulation, 2015 for Non-compliance with Regulation 6(1) of SEBI(LODR) Reg, 2015
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Sharpline Broadcast Ltd has been fined by both BSE Limited and Metropolitan Stock Exchange Limited for failing to appoint a qualified Company Secretary as its Compliance Officer, as required under Regulation 6(1) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The non-compliance relates to the quarter ended December 2025, and the penalty orders were received on 20th February 2026. The company states that the financial impact is limited to the amount of the fine and there is no material impact on its operations or other activities. The company has committed to paying the fine within the timeframe set by the exchanges.
This is a minor regulatory penalty related to a compliance gap (missing Company Secretary appointment) rather than any business or financial wrongdoing. It is unlikely to have a meaningful impact on the stock price, but it signals weak corporate governance practices at a small-cap company.