Continuous disclosure of material events or information in pursuance of Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015.
VIJIFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Viji Finance Ltd has been fined Rs. 1,35,700 each by BSE and NSE (total Rs. 2,71,400) for alleged non-compliance with Regulation 17(1) of the SEBI Listing Regulations. The regulation requires top 2000 listed entities to have at least 6 directors on their board. The company disputes the fine, arguing it does not fall under the top 2000 listed entities category, making the provision inapplicable. The company had already submitted clarifications on 9th May, 22nd May, and 26th May 2026 prior to the fine being imposed. The company states the fine was imposed without adequate opportunity to be heard and is in the process of submitting a formal representation to both exchanges.
The fine amount of Rs. 2.71 lakh is not material to the company's financials. However, the ongoing regulatory dispute could create minor reputational risk and governance concern for investors, especially if the company fails to demonstrate compliance or resolve the board composition issue.