Fines of Rs. 2,53,700 and Rs. 1,00,300 from NSE and BSE for delayed Q1 results

NSE and BSE fined the company for late submission of consolidated results for the quarter ended June 30, 2026.

Tue 29 Sep 2026

NSE Fine Amount

Rs. 2,53,700/- (inclusive of GST)

BSE Fine Amount

Rs. 1,00,300/- (inclusive of GST)

NSE Payment - First Tranche

Rs. 1,53,400/- paid on September 11, 2026

NSE and BSE Payment - Second Tranche

Rs. 1,00,300/- to NSE and Rs. 1,00,300/- to BSE paid on September 29, 2026

Reason for Non-compliance

Subsidiaries NICE and NECE have not yet submitted their unaudited results for Q1 ended June 30, 2026

What happened

The company informed the exchanges that it received emails dated September 28, 2026 from NSE and BSE regarding non-compliance with Regulation 33 of the Listing Regulations, relating to delay in submitting the consolidated financial results for the quarter ended June 30, 2026.

Fines levied

• NSE fine: Rs. 2,53,700/- (inclusive of GST)
• BSE fine: Rs. 1,00,300/- (inclusive of GST)
• Of the NSE amount, Rs. 1,53,400/- was already paid on September 11, 2026 and intimated to the exchanges
• The difference of Rs. 1,00,300/- to NSE and Rs. 1,00,300/- to BSE were paid on September 29, 2026 (subject to TDS)
• Due date of payment was stated as October 13, 2026 (15 days); the company states there was no delay or default in payment

Reason cited

The company clarified that the non-compliance occurred because its subsidiaries Nandi Infrastructure Corridor Enterprise Ltd. (NICE) and Nandi Economic Corridor Enterprises Ltd. (NECE) have not yet submitted their unaudited financial results for the quarter ended June 30, 2026 to the company. The company had intimated the exchanges about this delay through a letter dated August 14, 2026.

Stated impact

The company states there is no material impact on its financials, operations or other activities.

How to read it

The monetary amounts are small in absolute terms. The point investors may track is the underlying reason: consolidated results remain pending because subsidiary results have not been received, which can lead to repeated penalties until the results are shared.

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