Zenith Exports Limited has informed the Exchange about Action(s) initiated or orders passed
ZENITHEXPO · price
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Zenith Exports Limited has received penalty notices from both NSE and BSE 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 non-compliance with Regulation 17(1) of SEBI LODR Regulations, which pertains to Board composition requirements including failure to appoint a woman director. The non-compliance persisted for 64 days during the quarter ended March 31, 2026. The company has stated there is no material impact on financials or operations, and is looking for suitable candidates to fill the Independent Director vacancy. The company intends to seek waiver of the fine from both exchanges.
The immediate financial impact is approximately Rs. 7.55 lakh in combined fines from both exchanges. If not resolved, the company risks freezing of promoter shareholding and potential transfer to Z category with trading suspension if this becomes a second consecutive quarter of non-compliance.