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Tax & Penalty29 Jun 2026, 02:17 pm

Axiscades Technologies Pays ₹4.96 Lakh Fine for Board Composition Non-Compliance

AI Summary

Axiscades Technologies Ltd has paid a fine of ₹4,95,600 (including GST) levied by the NSE and BSE for non-compliance with board composition regulations. The company received notices on May 27, 2026, regarding violations of Listing Regulations. The Board of Directors, in a meeting held on June 29, 2026, took note of the fine payment. The company confirmed that the board composition was regularized and brought into compliance with applicable regulations on March 26, 2026, and reiterated its commitment to corporate governance and regulatory compliance.

Key Highlights

  • Company paid ₹4.96 lakh fine for board composition non-compliance.
  • Fine was levied by NSE and BSE for violating Listing Regulations.
  • Board composition was regularized on March 26, 2026.
  • Company reaffirms commitment to corporate governance standards.