Tax & Penalty24 Sept 2026, 10:13 pm
Gufic Biosciences to Pay ₹1.72 Lakh Penalty to NSE
AI Summary
Gufic Biosciences Ltd has received a rejection from NSE for its waiver application regarding a penalty of ₹1,72,000 (excluding GST) imposed for non-compliance with SEBI LODR Regulations, 2015. The penalty relates to the appointment of an additional director who had crossed the age of seventy-five without shareholder approval via special resolution. The company had previously paid a ₹8,000 penalty to BSE for a similar issue in the June 2024 quarter. Gufic Biosciences will now pay the NSE penalty by October 3, 2026, as stipulated.
Key Highlights
- NSE rejects waiver application for ₹1.72 Lakh penalty.
- Penalty relates to director appointment compliance issue.
- Company to pay NSE penalty by October 3, 2026.
- BSE had previously rejected a similar waiver application.
Price Impact
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