Tax & Penalty30 May 2026, 12:31 pm
Zenith Exports Fined ₹3.77 Lakh Each by BSE & NSE
AI Summary
Zenith Exports Ltd received notices from BSE and NSE on May 27, 2026, levying a total fine of ₹3,77,600 each (inclusive of GST) for non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 during the quarter ended March 31, 2026. The company is seeking a waiver of the fine and is addressing board composition issues.
Key Highlights
- Zenith Exports fined ₹3,77,600 each by NSE and BSE for regulatory non-compliance.
- The penalty relates to violations of Regulation 17(1) concerning board composition.
- Company is requesting a waiver of the fine from both stock exchanges.
- Zenith Exports is addressing the vacancy of an Independent Director.
- The company states there is no material impact on financials or operations.
Price Impact
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