StockWatch
·
Specialty Chemicals
Regulatory25 May 2026, 08:52 pm

Ddev Plastiks Board Addresses Exchange Fine for Non-Compliance

AI Summary

Ddev Plastiks Industries Ltd's Board of Directors reviewed a fine levied by the BSE and NSE for non-compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically regarding the failure to provide prior intimation of a board meeting on February 10, 2026, where an interim dividend was considered. The Board acknowledged the lapse as unintentional, noted it was the first instance, and affirmed that the fine was paid on March 16, 2026. Key managerial personnel were directed to ensure strict compliance going forward.

Key Highlights

  • Fine levied by BSE and NSE for non-compliance with Regulation 29.
  • Non-compliance related to failure to provide prior intimation of Board meeting.
  • Board acknowledged the lapse as unintentional and a first instance.
  • Fine was paid on March 16, 2026.
  • Compliance team directed to monitor filings to prevent recurrence.