Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Imposition of fine by Stock Exchanges
SUBEXLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Subex Limited has disclosed that NSE and BSE have each imposed a fine of Rs. 1,82,000 (excluding GST), totaling Rs. 3,64,000, for non-compliance with Regulation 17(1) and 19(1) of SEBI LODR Regulations. The non-compliance related to the composition of the Board of Directors and the Nomination and Remuneration Committee (NRC) following the unexpected cessation of 3 directors on September 29, 2025. The company reconstituted the NRC in compliance after inducting a new Independent Director on December 25, 2025. The company states there is no material impact on financials or operations and is considering applying for a waiver of the fine.
The fine is small (Rs. 3.64 lakh total) and the company confirms no material financial or operational impact. This is a governance compliance issue that has already been remedied, so the stock price impact is likely negligible, though it reflects a temporary gap in board composition requirements.