Submission of Board Comments on Fine levied by BSE on delay in filing of related party transactions under SEBI (LODR) Regulations, 2015
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SMT Engineering Ltd has informed BSE that the Board took note of a fine levied by BSE Limited for delayed filing of related party transaction disclosures under Regulation 23(9) of SEBI (LODR) Regulations, 2015. The non-compliance related to the half year ended September 30, 2025. The company attributed the delay to an inadvertent oversight, stating it was not deliberate. The fine has been paid, and the acknowledgment was placed before the Board on May 29, 2026. The Board has advised concerned officials to closely monitor compliance requirements going forward.
This is a routine compliance penalty with no material impact on operations or financials. The fine has already been paid, and the matter is closed. However, it highlights weak internal compliance processes which investors should monitor.