Gratex Industries gets BSE waiver for ₹19,000 fine
Gratex Industries Ltd was initially fined ₹19,000 by BSE Limited for non-submission of the statement of Investor Complaints under Regulation 13(3) of SEBI LODR Regulations, 2015, for the quarter ended March 31, 2025. The company applied for a waiver, citing misinterpretation of a clause in the Integrated Filing (Governance) Report, although they had correctly stated "No Complaints" in the notes section. BSE's "Internal Regulatory Oversight and Review Group" reviewed the application and approved the full waiver of the fine. The Group noted that the company had submitted the Integrated Filing (Governance) Report before the due date with the correct details in the notes tab. Gratex Industries has been advised to be more careful in future disclosures to avoid recurrence of such lapses.
Key Highlights
- BSE waived a ₹19,000 fine levied on Gratex Industries.
- Fine was for non-submission of investor complaints statement for Q4 FY25.
- Waiver granted due to company's misinterpretation of a filing clause.
- Gratex had provided correct "No Complaints" details in the notes.
- Company advised to exercise due diligence in future filings.
Price Impact
More from GRATEXI