Please find our letter dated October 7, 2025 regarding Revised intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
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Awaiting price reaction for this filing.
BSE Limited imposed an SOP fine of Rs. 5,000 per day on Utique Enterprises for delay in submitting an Application for Reclassification of Promoters under Regulation 31A of SEBI (LODR) Regulations, 2015. The total fine amounted to Rs. 1,82,900. The company filed a Waiver Application on September 24, 2025, but BSE clarified that the fine must be paid first before a waiver can be considered. The company subsequently paid the fine on October 4, 2025. Utique stated the delay was unintentional and the fine is not expected to have any material financial impact on the company.
The financial impact is negligible for shareholders as the fine is small (Rs. 1.82 lakh) and has already been paid. However, the episode highlights procedural compliance lapses under SEBI listing regulations, which investors should monitor going forward.