Additional Details Regarding reason of late disclosure to Exchange
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Systematix Securities Ltd has responded to a BSE query about a delayed corporate announcement. The original delay stemmed from an investor grievance filing uploaded on April 2, 2025 in an outdated format, which required internal review and board confirmation before re-filing. BSE imposed a fine of Rs. 57,000 (excluding GST) on June 5, 2025 for non-submission of the shareholder complaints statement within the stipulated timeline under Regulation 13(3). The company paid the fine on July 8, 2025 and disclosed the matter to the exchange within 24 hours of payment. The company became compliant with Regulation 13(3) by June 27, 2025, and has stated there is no material financial or operational impact. The management has committed to strengthening internal compliance procedures to avoid future delays.
The Rs. 57,000 fine is negligible in financial terms and is not expected to affect operations. However, the episode flags weak compliance processes around investor grievance reporting, which investors should monitor for recurrence.