Board explains minor stock exchange fine for disclosure delay
VALIANTLAB · price
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On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board of Valiant Laboratories commented on a fine imposed by BSE and NSE for delay in prior intimation of its Rights Issue Committee meeting on July 15, 2025, under Regulation 29 of SEBI LODR. The fine of around 11,800 rupees each (with GST) was paid on August 20, 2025. Board said the delay was not deliberate but due to dependency on approvals from the stock exchanges. Matter is now closed.
Small compliance fine already paid. Board explained delay as inadvertent and considers matter closed. No material impact for shareholders.