Intimation/Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tirupati Sarjan Ltd has been told by BSE to pay a fine of Rs. 6,84,400 (including GST) because its Board Composition did not meet the requirements of Regulation 17(1) of the SEBI Listing Regulations during the period from 13 November 2024 to 9 March 2025. Originally, a fine of Rs. 2,83,200 was imposed for the period up to 31 December 2024. The company had filed a waiver application on 8 May 2025, but BSE rejected it via email dated 25 March 2026. The company has stated it is exploring further options to decide its next course of action. The disclosure is being made under Regulation 30 of the SEBI Listing Regulations.
The total penalty of around Rs. 6.84 lakh is a small financial burden for the company and is unlikely to materially affect operations or share price. However, the Board Composition non-compliance is a governance red flag that shareholders should monitor, and the company is still evaluating its next legal steps.