RDRushil Decor533470Regulatory penalty

Board comments on Rs. 2,000/- BSE fine for delayed shareholding pattern update

The Board of Rushil Decor has commented on a BSE fine of Rs. 2,000/- for a delay in update the shareholding pattern for the quarter ended June 30, 2026.

By ScoutQuest · Tue 3 Nov 2026, 6:28 PM IST · 2 min read

BSE Fine Amount

Rs. 2,000/-

Update Dates

NSE on July 7, 2026; BSE on July 22, 2026

Quarter Ended

June 30, 2026

Rushil Decor has informed the exchanges of its Board's comments on a BSE notice relating to a delayed shareholding pattern disclosure.

What happened

• BSE fined the company Rs. 2,000/- for delayed quarterly submission of the shareholding pattern disclosure for the quarter ended June 30, 2026, as required under Regulation 31 of SEBI (LODR) Regulations, 2015.
• The disclosure was shared on the NSE platform on July 7, 2026, within the required time.
• It was shared with BSE on July 22, 2026, which the company describes as about 1 day delay.

The company's explanation

• The company says it was under a bona fide understanding that update the disclosure with one stock exchange would suffice under the single update mechanism.
• On that basis, it says it inadvertently did not separately upload the shareholding pattern on the BSE Listing Centre, even though the data was ready with the company and already shared with NSE.
• The company provided clarifications to BSE on July 22, 2026 in response to BSE's email of the same date.

Where the matter stands

• The company has requested a waiver of the fine through its letter dated August 25, 2026, and that request is pending with the stock exchange.
• The Board noted that the delay was unintentional and stemmed from a misunderstanding about single update of the shareholding pattern at any one stock exchange.
• The Board has advised the management to take measures to prevent similar incidents and asked the company to adhere strictly to all necessary processes.

What it means for investors

• The amount involved is small: a fine of Rs. 2,000/-.
• The subject is a procedural and disclosure lapse in a periodic update, not a change in the company's business or operations.
• The waiver request is pending, so as of this update the fine has been levied and the company is seeking to have it set aside.

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