Regulatory16 Apr 2026, 11:01 pm
Kerala Ayurveda's ₹5.31L fine waiver rejected by BSE
AI Summary
Kerala Ayurveda Ltd announced that BSE Limited rejected its waiver application for a ₹5,31,000 fine (including GST) on April 16, 2026. The fine, imposed on August 29, 2025, was due to non-compliance with Board composition requirements under Regulation 17(1) of the Listing Regulations for the period from October 1, 2024, to June 30, 2025. The company had already remitted the fine amount to BSE under protest on March 10, 2026. The company states there is no material financial implication beyond the fine amount.
Key Highlights
- BSE rejected waiver for ₹5.31 lakh fine.
- Fine for non-compliance with Board composition rules.
- Violation period was Oct 2024 to June 2025.
- Company paid the fine under protest.
- No material financial impact beyond the fine.
Price Impact
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