Board comments on NSE and BSE fines for Listing Regulation non-compliance

Sebi PenaltyRegulatory & Legal View source PDF Explain this filing

TRUALT · price

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Price reactionminutes from the announcement price · days from the prior close

+5.6%Reaction day

₹414.85

prior close

₹417.05

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+4.3% vs market

Other Agricultural Products peers, median of 60sector+0.8%+4.8% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.8 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+5.6+1.3+4.3+0.8+4.8

Next day

+3.7-0.2+3.9-0.3+3.9

+6.8+0.1+6.7-0.0+6.8

+10.4-1.5+11.9-0.1+10.5

+10.4-0.5+10.9-0.0+10.4

+13.9-0.8+14.7-0.5+14.4

+7.0-2.0+9.0-1.0+7.9

15d

+6.1-3.4+9.5-0.3+6.4

-0.4-9.9+9.5-6.3+5.8

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UpDownMarket · Nifty Microcap 250Sector · Other Agricultural Products peers, median of 60Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board acknowledged fines levied by NSE and BSE for non-compliance with SEBI Listing Regulations. Rs 5.36 lakh (incl. GST) fine for 91 days under Reg 17(1) due to delay in appointing a Woman Independent Director. Additional Rs 11,800 fine for delayed prior intimation of board meeting under Reg 29. Board said delays were unintentional. Company has now appointed Dr. Sarvamangala R. Patil as Woman Independent Director, restoring compliance. Fines paid.

Likely market impact

Fines paid and compliance restored after appointing a woman independent director. Minor procedural lapses, no major governance risk for shareholders.