Regulatory20 Oct 2026, 06:30 pm
Rashi Peripherals Fined ₹1.67 Lakhs by NSE for Listing Non-Compliance
AI Summary
Rashi Peripherals Ltd has been directed by the National Stock Exchange (NSE) to pay a fine of ₹1,42,000 plus 18% GST, totaling ₹1,67,560. This action follows the rejection of the company's application seeking a waiver for fines related to non-compliance with Regulation 17(1A) of the Listing Regulations for the consecutive quarters ended June 30, 2024, and September 30, 2024. The designated exchange, BSE Limited, did not favorably consider the waiver application, leading NSE to uphold the fine. The company stated that apart from this one-time payment, there is no other impact on its financial, operational, or other activities.
Key Highlights
- NSE rejects Rashi Peripherals' waiver application for listing non-compliance.
- Company fined ₹1,42,000 plus GST, totaling ₹1,67,560.
- Non-compliance pertains to Regulation 17(1A) for Q1 and Q2 FY25.
- BSE Limited did not favorably consider the waiver request.
- No significant financial or operational impact beyond the fine.
Price Impact
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