Intimation under Regulation 30 of SEBI (LODR), Regulations, 2015
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Awaiting price reaction for this filing.
BSE Limited imposed a fine of Rs. 10,000 (plus GST) on Suraj Industries Ltd for alleged non-compliance with Regulation 29 of the SEBI Listing Regulations, related to the prior intimation of a Rights Issue Committee meeting held on October 7, 2025. The company received the notice on November 14, 2025. Suraj Industries has stated that it fully complied with all intimation requirements and has already filed a request with BSE to withdraw the fine. The company's compliance officer confirmed there is no impact on financials, operations, or other activities beyond the small fine amount.
This is a minor, technical penalty with negligible financial impact (Rs. 10,000 plus GST). The company is contesting it, so there should be no lasting effect on the stock price, though it highlights some procedural lapse in timely disclosures.