Surya Roshni Limited has informed the Exchange about Action(s) taken or orders passed by BSE and NSE by imposing fine due to delayed compliance related to appointment of Independent Director
SURYAROSNI · price
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Surya Roshni Limited has received notices from BSE and NSE dated August 29, 2025, imposing a fine of ₹2,80,000 each (totaling ₹5,60,000 plus GST) for delayed compliance with Regulation 17(1) of the SEBI Listing Regulations. The delay was in appointing an Independent Director within the required three-month window after a board vacancy. The company had appointed Mr. Ravi Kant Gupta as Additional Independent Director on July 17, 2025, and is seeking shareholder approval at the AGM on September 18, 2025. The company has stated there is no material impact on its financials or operations, and it will pay the fine while exploring options for waiver or remedy.
This is a minor regulatory penalty (under ₹6 lakh including GST) for a procedural compliance delay, with no material impact on business operations or financials. Shareholders are unlikely to see any meaningful effect on the stock price, though it flags a temporary governance gap that has since been filled.