Board Comments on the fine imposed by BSE Limited.
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Awaiting price reaction for this filing.
Suraj Industries Ltd disclosed that BSE Limited imposed a fine of Rs. 11,800 (inclusive of GST) for alleged non-compliance with SEBI LODR Regulations 29(2) and 29(3), related to a delayed prior intimation for a Rights Issue Committee meeting held on October 7, 2025. The Company has contested the penalty, arguing that the October 6 intimation was part of a continuous sequence of disclosures tied to earlier Rights Issue communications and that it was in compliance with applicable SEBI circulars. The Board has formally denied any non-compliance and filed a waiver application with BSE on November 26, 2025, which is currently under consideration. The fine has been paid under protest solely to avoid further action by the stock exchange.
For retail investors, this is a minor compliance issue with a small fine of Rs. 11,800 and is unlikely to materially affect the stock or operations. The Company's active defence and waiver request suggest management is taking the matter seriously, though the outcome remains pending.