Patel Chem Specialities Fights ₹1.22 Lakh Fine from BSE

Patel Chem Specialities Ltd has commented on the levy of a fine of ₹1,22,720/- by the Bombay Stock Exchange (BSE) for non-compliance with Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated the delay was inadvertent and corrective steps were immediately taken. The Board of Directors acknowledged the non-compliance and fine, and has decided to apply to BSE for a waiver, citing completed compliance and the inadvertent nature of the error. The Board also emphasized strengthening internal compliance monitoring to prevent future occurrences.