Tax & Penalty15 Sept 2026, 05:40 pm
Gala Global Products Ltd Pays ₹1,180 Fine for Delayed Shareholder Complaint Report
AI Summary
Gala Global Products Ltd has submitted comments to the Board of Directors regarding a fine levied by the BSE for a one-day delay in submitting the statement on shareholder complaints for the quarter ended June 30, 2026. The company stated the delay was unintentional, due to administrative and procedural reasons related to data receipt. The fine of ₹1,000 plus 18% GST, totaling ₹1,180, has been paid. The Board reaffirmed its commitment to corporate governance and compliance. The filing also references SEBI Master Circulars on penal actions for non-compliance and potential consequences like promoter shareholding freezes if fines are not paid within 15 days.
Key Highlights
- Company fined ₹1,180 by BSE for one-day delay in shareholder complaint report.
- Delay attributed to unintentional administrative and procedural reasons.
- Fine has been paid, and company reaffirms commitment to compliance.
- Potential promoter shareholding freeze if outstanding fines are not settled.
Price Impact
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