Intimation under Regulation 30 of SEBI LODR
ZENITHEXPO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zenith Exports Ltd has received penalty notices from both BSE and NSE dated May 27, 2026, levying a total fine of Rs. 3,77,600/- each (Rs. 3,20,000/- plus 18% GST). The fine was imposed for violation of Regulation 17(1) of the SEBI LODR Regulations, specifically for failure to appoint a woman director on the Board. The company states there is no material impact on financials or operations. The company is actively seeking to fill the vacancy and has noted that a resolution for appointing an Independent Director was previously defeated by dissenting shareholders. The company plans to submit waiver requests to both exchanges and must pay the fine within 15 days to avoid further action.
The fine is relatively modest at around Rs. 3.77 lakh per exchange, and the company claims no material financial impact. However, failure to comply or pay within 15 days could lead to freezing of promoter shareholding and potential trading restrictions including shifting to Z category.