Tax & Penalty29 May 2026, 09:01 pm
Innovassynth: Board Addresses BSE Fine for SEBI (LODR) Non-Compliance
AI Summary
Innovassynth Technologies' board addressed a fine levied by the BSE for non-compliance with SEBI (LODR) Regulations, 2015. The fine, detailed in a BSE notice dated April 15, 2026, relates to violations of SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026. The board attributed the non-compliance to an inadvertent error in timeline calculation due to a missed trading holiday, emphasizing no mala fide intent. The company has paid the ₹11,800 fine and implemented corrective measures to prevent future occurrences.
Key Highlights
- BSE levied a fine on Innovassynth for non-compliance with SEBI (LODR) Regulations, 2015.
- The non-compliance stemmed from a miscalculation of timelines due to a missed trading holiday.
- Innovassynth's board stated there was no deliberate intention to deviate from regulations.
- The company has paid the ₹11,800 fine and taken corrective actions.
- Innovassynth reaffirmed its commitment to corporate governance and regulatory compliance.
Price Impact
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