ENE2E Networks544783Regulatory penalty

Board notes Rs.10,000 fine each from NSE and BSE for non-compliance with Regulation 29; fines paid

Board took note of non-compliance with Regulation 29 — prior intimation for the Board Meeting held August 31, 2026 was not submitted.

By ScoutQuest · Fri 16 Oct 2026, 10:43 PM IST · 2 min read

Fine amount per exchange

Rs.10,000/- plus applicable taxes

Exchanges imposing fine

NSE and BSE

Board meeting date (lapse)

August 31, 2026

The company has disclosed exchange fines for a procedural lapse in prior intimation, and states the amounts have been paid.

What the Board took note of

• At its meeting on October 16, 2026, the Board took note of non-compliance with Regulation 29 of the SEBI Listing Regulations.
• The lapse was the non-submission of prior intimation to the stock exchanges in connection with the Board Meeting held on August 31, 2026.
• The Board noted fines of Rs.10,000/- (Rupees Ten Thousand only), plus applicable taxes, imposed separately by NSE and BSE.

How the fine is built up in the exchange notices

• BSE's notice, for the month ended Aug-26, shows Regulation 29(2)/29(3) — delay in furnishing prior intimation about the meeting of the board of directors — with a basic fine of Rs. 10,000, GST at 18% of Rs. 1,800, and a total fine payable of Rs. 11,800.
• NSE's annexure shows the same regulation, Reg 29(2)/29(3): a fine amount of Rs. 10,000 and a total fine payable (inclusive of GST) of Rs. 11,800.
• The same BSE table shows fines of 0 for Regulation 44(3), Regulation 31A(3)(a)(ii)/(iii)/(v)/(vii) and Regulation 28(1) for Aug-26.
• The BSE notice asked for payment within 15 days from the date of the letter/email, and stated that failing this, the exchange may initiate action related to freezing of the entire shareholding of the promoter in the entity as well as all other securities held in the demat account of the promoter.
• The NSE notice also sets out a route for the company to file a waiver request against the fine, noting that a waiver application is not processed without achieving the compliance.

What the company says it has done

• The fines, along with applicable taxes, have been duly paid to the stock exchanges.
• The provisions of the applicable circular have been brought to the notice of the promoter of the company.
• The Board advised the management to exercise due diligence and adhere to the applicable regulatory requirements and prescribed timelines, and the company said it will continue to strengthen its internal compliance monitoring mechanisms to ensure timely prior intimations and disclosures.

How a retail investor might read this

• It is a small, fixed monetary fine for a disclosure-timeline lapse, and the update states the amounts have been paid.
• The fine was imposed separately by each of the two exchanges, and each exchange's notice works out to Rs. 11,800 inclusive of GST.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev