Pursuant to Reg 30 of SEBI (LODR) Reg 2015, we wish to inform that the Company has received an email communication dated February 18, 2026 from BSE Limited intimating that the waiver application ....
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Vistar Amar Ltd informed BSE that its waiver application against a penalty of ₹5,42,800 (inclusive of GST) has been rejected by the exchange. The penalty was originally levied for alleged non-compliance with Regulation 17(1) of SEBI's Listing Regulations, which relates to the composition of the Board of Directors, for the quarter ended September 30, 2025. The company had already paid the fine in December 2025 and also submitted a ₹10,800 waiver processing fee. The company confirmed that its Board composition is now compliant with the regulation from the quarter ended December 31, 2025 onwards. The company stated there is no material impact on its financials, operations, or other activities.
The financial impact is minimal — the penalty of about ₹5.43 lakh is small relative to typical company operations and has already been paid. The main takeaway for shareholders is a negative governance signal regarding past Board composition, though the company has since rectified compliance, limiting long-term damage to the stock.