StockWatch
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Investment Company
Tax & Penalty3 Sept 2026, 08:40 pm

Industrial & Prudential Investment Co. Ltd. Withdraws ₹1,01,480 Fine

AI Summary

Industrial & Prudential Investment Company Ltd. has announced the withdrawal of a fine amounting to ₹1,01,480 (including GST) levied under Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fine, originally imposed for non-compliance related to the period of March 2026, has been fully withdrawn based on the company's submissions and a revised reconciliation report. This withdrawal follows a confirmation received from the Bombay Stock Exchange.

Key Highlights

  • Fine of ₹1,01,480 levied under SEBI LODR Regulations withdrawn.
  • Withdrawal is based on company submissions and revised reconciliation.
  • Bombay Stock Exchange confirmed the fine withdrawal.
  • No residual fine is payable by the company.