Tax & Penalty12 Aug 2026, 08:00 pm
NGL Fine Chem Fined ₹23,600 by Exchanges for Compliance Delay
AI Summary
NGL Fine Chem Ltd has been fined a total of ₹23,600 by BSE Limited and the National Stock Exchange of India Limited for delays in complying with Regulation 29(2)/29(3) of SEBI Listing Regulations. The fines, amounting to ₹11,800 from each exchange, have been paid by the company. The Board of Directors acknowledged the inadvertent procedural delay and has strengthened internal compliance monitoring to ensure timely adherence to regulations going forward. Management has been advised to exercise due diligence and strict adherence to prescribed timelines.
Key Highlights
- Company fined ₹23,600 by NSE and BSE for regulatory non-compliance.
- Fines relate to delayed intimation of Board Meeting under SEBI Listing Regulations.
- Board acknowledges inadvertent procedural delay.
- Internal compliance mechanisms strengthened to prevent future delays.
- Management advised to ensure strict adherence to timelines.
Price Impact
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