Regulatory10 April 2026 at 02:21 pm
Kirloskar Industries gets NSE waiver for Regulation 31 non-compliance fine
AI Summary
Kirloskar Industries Ltd announced that the National Stock Exchange of India Limited (NSE) has favourably considered its request for a waiver of the fine previously levied. The fine was imposed due to a delay in complying with Regulation 31 of SEBI (Listing Obligation and Disclosure Requirements) 2015 for the quarter ended December 31, 2025. The company had filed an application with NSE on February 20, 2026, seeking a waiver for the aforesaid delay. NSE communicated its approval for the waiver via a letter dated April 10, 2026, resolving the regulatory non-compliance issue and removing the associated financial penalty.
Key Highlights
- NSE waived fine for Kirloskar Industries' Regulation 31 non-compliance.
- Fine was for delayed shareholding disclosure for Q3 FY26.
- Company's waiver application was favorably considered by NSE.
- This resolves a regulatory compliance issue for the company.