SGL Resources Pays ₹11,800 Fine for Board Meeting Intimation Delay

SGL Resources Ltd has paid a fine of ₹11,800 (including GST) to BSE Limited for non-compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fine was levied due to a delay in furnishing prior intimation for a board meeting held on March 3, 2026. The company attributed the delay to a technical error in counting working days, stating there was no malafide intention. SGL Resources paid the fine on April 28, 2026, to avoid further penal consequences and has informed that it will apply to BSE for a waiver of the penalty. The company also assured that it has taken corrective steps and strengthened its internal compliance mechanisms to prevent future recurrences.