Tax & Penalty28 May 2026, 07:31 am
Sadbhav Infra to Pay Fines for Regulation 17(1) Non-Compliance
AI Summary
Sadbhav Infrastructure Project Ltd's board of directors addressed the fine imposed by stock exchanges (NSE and BSE) for non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board decided the company will pay the fines specified by the exchanges. The company is actively seeking a suitable candidate for the director post to ensure compliance with the regulations.
Key Highlights
- Sadbhav Infra to pay fines imposed by NSE and BSE for non-compliance.
- The non-compliance relates to Regulation 17(1) regarding the composition of the Board of Directors.
- The Board discussed the matter in its meeting held on May 27, 2026.
- Company is searching for a suitable director to ensure regulatory compliance.
Price Impact
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