Markolines settles SEBI Reg.32 non-compliance for ₹12.35 lakh
Markolines Pavement Technologies Ltd has received a Settlement Order from SEBI on April 27, 2026, regarding alleged non-compliance with Regulation 32 of SEBI (LODR) Regulations, 2015. The matter involved the delay/non-submission of statements of deviation or variation in the utilization of public issue proceeds during FY 2021-22. The company attributed this to being new to listing compliances post its 2021 listing. Upon becoming aware, Markolines promptly made corrective submissions. A settlement amount of ₹12.35 lakh has been remitted to SEBI. The company states that this penalty is insignificant compared to its overall revenue and profitability, thus having no material impact on operations. The settlement disposes of the proceedings without admission or denial of findings.
Key Highlights
- Markolines received a SEBI settlement order for Reg. 32 non-compliance.
- The non-compliance involved delayed submission of fund utilization statements.
- Company paid ₹12.35 lakh as settlement amount to SEBI.
- The penalty is deemed insignificant, with no material operational impact.
- Settlement disposes of proceedings without admission or denial of findings.
Price Impact
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