Board comment on the fine levied by the exchange
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BSE imposed a fine of Rs. 41,300 (inclusive of GST) on Shree Rajasthan Syntex for non-compliance with SEBI's Listing Regulations regarding the disclosure of related party transactions in the prescribed format and timeline. The company clarified that the disclosure was actually filed on time, but the period was incorrectly mentioned as 30.09.2024 instead of 30.09.2025 due to a clerical/typographical error. Upon BSE's notice, the company promptly re-filed the corrected version on November 18, 2025. The Board confirmed the non-compliance was unintentional, stemming purely from a clerical mistake, and stated that internal compliance and review mechanisms have been strengthened to prevent recurrence.
The fine amount is negligible (Rs. 41,300) and the issue has been identified as a clerical error that was already rectified, so the financial and reputational impact on shareholders is minimal. The disclosure signals a routine compliance lapse rather than any substantive governance concern.