Regulatory27 Aug 2026, 01:21 pm
Anik Industries comments on ₹23,600 fine from Stock Exchanges
AI Summary
Anik Industries Ltd has responded to fines totaling ₹23,600 levied by BSE and NSE for non-compliance with Regulation 17(2) of the Listing Regulations. The company stated that the non-compliance was unintentional, stemming from the health issues of its Chief Financial Officer, Mr. Gautam Jain, which led to the cancellation of a scheduled Board Meeting. Anik Industries has assured that it is committed to regulatory compliance and is implementing measures to prevent future inadvertent delays.
Key Highlights
- Company fined ₹11,800 each by BSE and NSE for non-compliance.
- Non-compliance attributed to CFO's health issues and meeting cancellation.
- Board reviewed the incidence and deemed it unintentional.
- Company is strengthening processes to avoid future delays.
Price Impact
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