NSE waives fines levied for delay in Audit Committee and Nomination & Remuneration Committee compliance
NSE has considered the company's waiver request favourably and waived fines levied for delay in compliance with SEBI LODR regulations.
By ScoutQuest · · 1 min read
- Quarters Covered by Waiver
- eight quarters, from the quarter ended 31-Dec-2024 to 30-Sep-2026
- Regulations Involved
- Reg 18(1) – Audit Committee and Reg 19(1)/19(2) – Nomination and Remuneration Committee
- NSE Letter Date
- 19th October, 2026
The outcome in one line
The company had asked NSE to waive fines that the exchange had levied on it for delay in complying with certain SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. NSE, through its letter dated 19th October, 2026, informed the company that the request was placed before the relevant authority of the exchange and was considered favourably.
Which regulations were involved
- Reg 18(1) – Audit Committee
- Reg 19(1)/19(2) – Nomination and Remuneration Committee
Both are governance-related provisions of the LODR Regulations dealing with the constitution and functioning of these two board committees.
Which quarters are covered
The waiver application related to eight quarters, listed as
- 31-Dec-2024
- 31-Mar-2025
- 30-Jun-2025
- 30-Sep-2025
- 31-Dec-2025
- 31-Mar-2026
- 30-Jun-2026
- 30-Sep-2026
The update states that the same eight quarters apply to both regulations listed above.
What a waiver means
A waiver means the exchange has accepted the company's request and decided not to pursue the fines it had levied for those quarters. In simple terms, the penalty that had been imposed for the delayed compliance is being let go, so the cost and the open penalty item linked to those quarters do not stand any more.
What to keep in mind
The relief relates to delays in committee-related compliance. While the fines have been waived, the underlying delays were in areas of board-level governance, so investors may want to track the company's compliance record in the quarters ahead. The update itself is a disclosure of the exchange's decision and does not change the company's business operations, order book or finances.
The tone
The news reads as a relief on a compliance matter rather than an operational development. It is a governance-related update and does not alter the business outlook of the company.
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