Suraj Estate Developers Limited has informed the Exchange about Intimation of fine
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Suraj Estate Developers informed exchanges that it has paid a fine of Rs. 9,92,000 (plus GST) to BSE after its waiver application was rejected. The fine was levied for non-compliance with Regulation 17(1) (delay in appointment of a Woman Director on the Board) and Regulation 21(2) (failure to constitute a Risk Management Committee within the required time). Notices were first issued by NSE and BSE in August and November 2025. The company attempted to get the penalty waived but BSE rejected the applications on 18 February 2026, after which the fine was paid on 27 February 2026. The company has stated that this has no material impact on its financial or operational activities.
The penalty amount is small (under Rs. 10 lakh) and the company confirms no material financial or operational impact. The episode highlights past governance lapses around board composition and risk management, but the matter is now closed with payment of the fine.