BSE Fine of Rs. 2,53,700 for Delay in Q1 Results; Promoter Demat Freeze Warned

BSE has communicated an outstanding SOP fine of Rs. 2,53,700 (incl.

Wed 30 Sep 2026

BSE Fine Amount

Rs. 2,53,700 (incl. GST)

Fine Date

28 September 2026

Compliance Deadline

10 days from communication date

Non-compliance Issue

Failure to file June 2026 quarter results on time under Regulation 33

Penalty Consequence

Promoters' demat accounts may be frozen if dues not met within 10 days

What happened

BSE sent a further communication dated 28 September 2026 about outstanding fines for not submitting financial results for the quarter ended 30 June 2026 within the time prescribed under Regulation 33 of the SEBI Listing Regulations.

The amount

• Outstanding fine: Rs. 2,53,700/- (Rupees Two Lakh Fifty-Three Thousand Seven Hundred Only), inclusive of GST, as on 28 September 2026.
• Fines continue to be computed until the non-compliance is rectified to the Exchange's satisfaction, or until other action under the SEBI SOP Master Circular.

Consequence flagged by BSE

If the company does not comply with the applicable requirements and pay the outstanding fines, instructions would be issued to the depositories to freeze the demat accounts of all promoters named in the shareholding pattern, within 10 days from the date of the communication.

Company's explanation

• Results process was initiated, but procedural and administrative constraints delayed audit-related work.
• Proceedings were initiated by the Enforcement Directorate during April 2026, June 2026 and July 2026, including search proceedings at the corporate office, followed by requisitions for information and records.
• An attachment order followed in July 2026.
• Certain documents and records were reviewed and/or seized by the Agency, requiring extensive management review, reconciliation and compilation with legal advisors, consultants and auditors.

Company's position

The company states there is presently no material impact on its operations or other activities from receipt of this communication, and that it is taking steps to expedite financial closure, reconciliation, verification and audit processes for the June 2026 quarter. It also noted a minor delay in making this disclosure while assessing the communication.

How investors may read it

This is a continuing compliance default: quarterly results for June 2026 remain pending, the penalty keeps accruing, and a promoter demat freeze has been flagged as the next step. The stated reason links back to ongoing Enforcement Directorate proceedings, which investors may view as an added overhang.

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