Regulatory16 Apr 2026, 05:21 pm
Medico Remedies fined ₹1.27 Lakh by NSE & BSE for non-compliance
AI Summary
Medico Remedies Ltd received Statement of Penalties (SoP) notices from NSE and BSE on February 20, 2026, for alleged non-compliance with Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Each exchange levied a penalty of ₹63,720, totaling ₹127,440. The company's waiver applications, filed on February 24, 2026, were rejected by both BSE and NSE. Medico Remedies has since paid the requisite fines and confirmed compliance with Regulation 6(1) as of February 18, 2026. The company stated that there is no material impact on its financials, operations, or other activities.
Key Highlights
- Medico Remedies fined ₹127,440 by NSE and BSE.
- Penalty for alleged non-compliance with SEBI Regulation 6(1).
- Company's waiver applications were rejected by both exchanges.
- Fines have been paid, and the company is now compliant.
- No material financial or operational impact reported.
Price Impact
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