Tax & Penalty23 Jul 2026, 08:20 pm
Automobile Products of India Ltd Fined ₹14.98 Lakh by BSE
AI Summary
Automobile Products of India Ltd has been levied a fine of ₹14,98,600 (inclusive of GST) by BSE Limited for the period January 01, 2026, to May 07, 2026. The fine is due to non-compliance with minimum public shareholding requirements as per Regulation 38 of SEBI (LODR) Regulations, 2015. Despite a Rights Issue allotment on April 28, 2026, which resulted in promoter shareholding of 65.64%, this remains below the prescribed 75% threshold. The company states it continues to comply with the Minimum Public Shareholding requirements.
Key Highlights
- BSE levied a fine of ₹14,98,600 on the company.
- Fine is for non-compliance with minimum public shareholding norms.
- Promoter shareholding is 65.64% post Rights Issue.
- Company claims continued compliance with MPS requirements.
Price Impact
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