Clarification26 Aug 2026, 02:31 pm
Soma Textiles Clarifies RBI Compounding Fee Payment Timeline
AI Summary
Soma Textiles & Industries Ltd has provided clarification regarding a delay in disclosing the disposal of a compounding application by the Reserve Bank of India (RBI). The company stated that the compounding fee was paid on May 29, 2024, and acknowledged by the RBI on May 30, 2024. Soma Textiles submitted the requisite intimation to the stock exchange within 24 hours of this acknowledgment and settlement. The company asserts it has consistently made timely disclosures of material information as per SEBI Listing Regulations.
Key Highlights
- Company clarifies timeline for RBI compounding application disclosure.
- Compounding fee paid May 29, 2024, acknowledged by RBI May 30, 2024.
- Disclosure made to stock exchange within 24 hours of acknowledgment.
- Soma Textiles affirms adherence to SEBI disclosure norms.
Price Impact
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