Tax & Penalty21 May 2026, 03:14 pm
Akshar Spintex Pays ₹5.16 Lakh Penalty for SEBI LODR Violations
AI Summary
Akshar Spintex Ltd. voluntarily paid a penalty of ₹5,15,660 to the Bombay Stock Exchange (BSE) for non-compliance with SEBI LODR regulations. The violations include a delay of 17 days in appointing a qualified Company Secretary and a delay of 84 days in maintaining the required number of directors on the Board. The penalty covers non-compliance with Regulations 6(1) and 17(1).
Key Highlights
- Akshar Spintex paid ₹5.16 Lakh penalty for violating SEBI LODR regulations 6(1) and 17(1).
- The company delayed appointing a Company Secretary for 17 days.
- The company's board had fewer than six directors for 84 days.
- The penalty includes fines for both violations plus 18% GST.
- Payment of ₹471960 was made on May 13, 2026, with TDS of ₹43700.
Price Impact
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