Regulatory10 Jul 2026, 05:10 pm
Fine Organic Senior Management Retires; Faces Exchange Penalties
AI Summary
Fine Organic Industries Ltd announced the retirement of two Senior Vice Presidents, Dr. Vijay Prabhu and Dr. Mayukh Warawdekar, effective July 10, 2026. Concurrently, the company has been notified by the exchange regarding non-compliance or delayed compliance with certain Listing Regulations. The exchange has enclosed details of the non-compliance, total fine payable, and remittance instructions. The company is requested to ensure compliance and remit the fine within 15 days, with options to request a waiver under specific conditions, including achieving compliance first and paying a processing fee if the fine exceeds ₹5,000.
Key Highlights
- Two Senior VPs retiring on July 10, 2026.
- Company faces penalties for Listing Regulation non-compliance.
- Fine payment and compliance are required within 15 days.
- Waiver requests are possible but require prior compliance.
Price Impact
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