Regulatory15 Sept 2026, 06:00 pm
Gala Global Fined ₹96,760 by BSE for Shareholding Pattern Delay
AI Summary
Gala Global Products Ltd's Board of Directors reviewed the fine levied by BSE for non-submission of the shareholding pattern under Regulation 31 of SEBI (LODR) for the quarter ended June 30, 2026. The delay was attributed to administrative issues and pending RTA fees. The Board noted that compliance is now complete, and the fine of ₹96,760 (including GST) is being processed for payment. The company will ensure timely remittance to avoid further penalties or potential trading suspensions.
Key Highlights
- BSE levied a fine of ₹96,760 on Gala Global for delayed shareholding pattern submission.
- Delay was due to administrative formalities and RTA fee payments.
- Company has now completed the required submissions and paid the fine.
- Non-compliance could lead to promoter demat account freezing.
- Board assures timely remittance of the fine to ensure compliance.
Price Impact
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