Visagar Polytex Limited has informed the Exchange about General Updates
VIVIDHA · price
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Awaiting price reaction for this filing.
Visagar Polytex Limited has received a notice from NSE dated June 26, 2025, for non-compliance with Regulation 24(A) of SEBI (LODR) Regulations, 2015, relating to delay in submitting the Annual Secretarial Compliance Report. NSE has levied a total fine of Rs. 18,880 (comprising Rs. 16,000 basic fine plus Rs. 2,880 GST). The company explains that the report was filed on the BSE portal on May 30, 2025, but the upload to the NSE portal failed due to an inadvertent technical error, which was discovered on June 9, 2025, and immediately corrected. The company also sent a clarification letter to NSE on June 9, 2025, and has committed to timely regulatory compliance going forward. The company has stated there is no material impact on its financial, operational, or other activities from this penalty.
The penalty is very small (under Rs. 20,000) and described by the company as a technical filing lapse with no operational or financial impact. This is a minor compliance event and is unlikely to materially affect shareholders or the stock price.