PARTIAL WAIVER RECEIVED FROM BSE LIMITED ON 29TH JULY 2025 W.R.T. REGULATION 17 (1) FOR QUARTERS ENDED ON 31ST DECEMBER, 2023 AND 31ST MARCH, 2024 AND PAYMENT OF SOP FINE MADE W.R.T. REGULATION ....
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Vani Commercials Ltd received a partial waiver from BSE on 29th July 2025 for SOP fines related to non-compliance with SEBI Listing Regulations. The waiver was granted for Regulation 17(1) violations for quarters ended December 2023 (Rs. 4,24,800 waived) and March 2024 (Rs. 3,12,700 waived). However, waiver requests for Regulation 18(1) and 19(1)/(2) violations for the quarter ended March 2024 were rejected, leaving a residual penalty of Rs. 4,74,360. The company paid this remaining penalty on 7th August 2025. The penalties were levied because 2/3 of the Audit Committee and Nomination & Remuneration Committee members were not Independent Directors during the review period.
This is a minor compliance matter with a small financial impact (Rs. 4,74,360 fine paid). The bulk of the fines (over Rs. 7.37 lakh) were waived, and the company has now resolved all outstanding compliance penalties, removing any risk of further escalation such as shareholding freeze.