Disclosure under Regulation 30 under SEBI LODR, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSE Limited has imposed a fine of ₹2,47,800 (basic plus GST) on Unifinz Capital India Ltd for non-compliance with Regulation 17(1) of the SEBI Listing Regulations. The specific violation relates to the improper composition of the Board, including the failure to appoint a woman director. The company has stated that it is in the process of submitting a waiver application to BSE to get the fine revoked. Management has clarified that this fine has no material impact on the company's financial position or operations.
The financial impact is negligible (₹2.47 lakh fine on a listed entity). However, the failure to appoint a woman director signals weak corporate governance compliance, which may concern governance-focused investors. The ongoing waiver application may eventually reduce or eliminate the penalty.