Tax & Penalty16 Jul 2026, 05:40 pm
Billionbrains Garage Ventures Ltd Fined ₹5,900 for Delayed Filing
AI Summary
Billionbrains Garage Ventures Ltd has been levied a penalty of ₹5,000 plus 18% GST (total ₹5,900) by the Stock Exchanges for a one-day delay in filing the Disclosure of Related Party Transactions for the half-year ended March 31, 2026. The filing, required in XBRL mode by April 20, 2026, was uploaded on April 21, 2026, due to technical issues. The company's board has noted the delay and advised strengthening internal processes. Billionbrains Garage Ventures Ltd is committed to timely compliance going forward. The company has been advised to pay the fine within 15 days or face potential freezing of promoter shareholding.
Key Highlights
- Penalty of ₹5,900 levied for delayed filing of related party transactions.
- Delay caused by technical issues in XBRL upload.
- Company assures improved internal processes for future compliance.
- Promoters' shareholding at risk if fine is not paid promptly.
Price Impact
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