Tax & Penalty7 Sept 2026, 07:11 pm
Elnet Technologies Fined ₹40,120 for Audit Committee Non-Compliance
AI Summary
Elnet Technologies Ltd has been fined ₹40,120 by BSE Limited for late compliance regarding the composition of its Audit Committee as per SEBI Listing Regulations. The company inadvertently failed to meet the required composition following the demise of an Independent Director. The vacancy has since been filled by appointing Mr. Navneet Ganapathi as a Non-Executive Independent Director, who was subsequently inducted into the Audit Committee, ensuring compliance. The company has paid the fine and confirmed its commitment to adhering to regulatory requirements.
Key Highlights
- Elnet Technologies fined ₹40,120 by BSE for Audit Committee non-compliance.
- Fine due to late reconstitution of Audit Committee after director's demise.
- New Independent Director appointed and Audit Committee reconstituted.
- Company has paid the penalty and assured future regulatory adherence.
Price Impact
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