SEBI Issues Warning-cum-Advisory Letter to Austere Systems

Austere Systems Limited has received a Warning-cum-Advisory Letter from the Securities and Exchange Board of India (SEBI) dated October 1, 2026. The letter addresses the company's non-disclosure of a National Company Law Appellate Tribunal (NCLAT) order dated September 23, 2025. This NCLAT order dismissed Austere Systems' appeal against a Competition Commission of India order that imposed a penalty of ₹44,25,569 on the company. SEBI noted that the company failed to disclose this order within the stipulated timelines under Regulation 30(2) and 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company first referred to the order in its audited financial results for the year ended March 31, 2026, filed on May 26, 2026. SEBI has warned the company to improve its compliance standards and advised it to disclose the order forthwith with an explanation for the delay. The letter will be placed before the Board of Directors at its next meeting. No monetary penalty has been imposed through this warning letter, and there is no material impact on the company's financial or operational activities.