Legal6 Mar 2026, 03:00 pm
Ravinder Heights Ltd. Pays Fine for Alleged Non-Compliance with SEBI Listing Regulations
AI Summary
Ravinder Heights Ltd. has paid a fine of Rs. 75,520/- each (inclusive of GST) to the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) after being allegedly found non-compliant with Regulation 17(1A) of the SEBI Listing Regulations. The non-compliance was for not passing a Special Resolution by the Shareholders of the Company prior to the Appointment of an Independent Director who had attained the age of 75 years. The Company, however, states that it has fully complied with the regulations and the appointment was regularized within the prescribed timeline.
Key Highlights
- Ravinder Heights Ltd. pays fine of Rs. 75,520/- each to NSE and BSE.
- The fine is for alleged non-compliance with Regulation 17(1A) of the SEBI Listing Regulations.
- The non-compliance was for not passing a Special Resolution by the Shareholders prior to the appointment of an Independent Director who had attained the age of 75 years.
- The Company states that it has fully complied with the regulations and the appointment was regularized within the prescribed timeline.
- The fine was paid on March 05, 2026.
Price Impact
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