Board Comments on Fines imposed by BSE
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Awaiting price reaction for this filing.
BSE imposed a fine of Rs. 10,000 plus GST on Signature Green Corporation for delay in furnishing prior intimation about its board meeting for the quarter and year ended 31st March 2025, as required under SEBI LODR Regulation 29(2)/29(3). The company received the notice on 13th June 2025 and paid the fine on 23rd June 2025. The Board stated the non-compliance was not wilful and there is no material impact on financials, operations, or other activities. The Board has directed management to ensure timely filings during stock exchange working hours to avoid technical issues in the future.
Minimal impact on shareholders — the penalty is small (under Rs. 1 lakh), already paid, and the Board confirms no financial or operational damage. However, repeated disclosure lapses could attract higher scrutiny from BSE and SEBI going forward.