Tax & Penalty13 Aug 2026, 05:43 pm
Shanti Spintex Pays ₹5,900 Penalty for Delayed Disclosure
AI Summary
Shanti Spintex Ltd has submitted comments from its Board of Directors regarding a penalty of ₹5,900 levied by BSE Limited for delayed submission of Related Party Transactions disclosure for the half-year ended March 31, 2026. The Board noted the delay was inadvertent, lasting only one day due to a procedural oversight. The company has paid the penalty, including GST, and has strengthened internal compliance mechanisms to prevent future occurrences. The Board expressed regret for the delay and reaffirmed commitment to SEBI regulations.
Key Highlights
- Penalty of ₹5,900 paid for delayed RPT disclosure.
- Delay attributed to inadvertent procedural oversight, not intentional.
- Internal compliance monitoring mechanisms have been strengthened.
- Company reiterates commitment to SEBI regulations.
- Board took note of BSE communication and penalty.
Price Impact
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