Tara Chand InfraLogistic Solutions Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange '.
TARACHAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tara Chand InfraLogistic Solutions Limited has disclosed Board comments regarding a fine of Rs 7,080 (including 18% GST) levied by NSE for non-compliance with SEBI Listing Regulations. The violation involved a delay in obtaining shareholder approval for the continuance of a Non-executive Director who has attained 75 years of age, as required under Regulation 17(1A) of the Listing Regulations for the quarter ended September 30, 2025. The fine was Rs 2,000 per day for 3 days of non-compliance, totaling Rs 6,000 plus GST. At the Board meeting held on May 7, 2026, the Directors stated the delay was inadvertent and unintentional. The company confirmed the fine has been paid and indicated it has strengthened internal compliance systems to prevent recurrence.
This is a minor regulatory compliance matter involving a relatively small fine. The issue has been resolved with the fine paid and compliance presumably now in place. The disclosure is routine and unlikely to have any significant negative impact on the company's stock or shareholder value, though it reflects some administrative oversight.