StockWatch
·
Specialty Chemicals
Tax & Penalty4 Aug 2026, 05:20 pm

Crestchem Ltd Fined ₹1,06,200 by BSE for Late Submission

AI Summary

Crestchem Ltd has received an email from BSE Limited regarding an outstanding fine of ₹1,06,200 for the late submission of its Cash Flow Statement for Consolidated Results, as required under Regulation 33 of SEBI Listing Regulations. The company clarified that its subsidiary, Oleo Biosciences Private Limited, incorporated on March 31, 2026, had no financial transactions for the period, thus no data was required for the consolidated cash flow statement. Crestchem is seeking a waiver for the fine and believes it will have no material financial impact.

Key Highlights

  • BSE imposed a fine of ₹1,06,200 on Crestchem Ltd.
  • The fine is for late submission of the consolidated Cash Flow Statement.
  • Crestchem believes the fine will have no material financial impact.
  • The company is seeking a waiver for the imposed fine.