Board Addresses Regulatory Fines for Non-Compliance
The Board of Directors of 532430 met on May 28, 2026, to discuss fines imposed by BSE and NSE. The first fine was for non-submission of Consolidated Unaudited Financial Results for the quarter ended December 31, 2025. The Board noted that these results were subsequently published on February 28, 2026, leading to the removal of the freeze on the Promoter's Demat account on March 18, 2026. The second fine was related to non-compliance with Regulation 17(1) regarding Board composition, specifically the failure to appoint an Independent Woman Director for the quarter ended March 31, 2026. The Board acknowledged that the Company had appointed a Non-Executive — Independent Woman Director for three years, effective March 17, 2026.
Key Highlights
- Board discussed fines from BSE/NSE for non-submission of Q3 FY26 financial results.
- Consolidated Q3 FY26 results were published on February 28, 2026, resolving the issue.
- Promoter's Demat account freeze was removed on March 18, 2026.
- Board addressed fines for non-compliance with Independent Woman Director appointment.
- Company appointed an Independent Woman Director effective March 17, 2026.
Price Impact
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