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Panth Infinity: Board Comments On Fine Levied By The Stock Exchange For Delay In Filing Disclosure W.R.T. Related Party Transactions


With reference to the Notice dated 14th July 2022 issued by the BSE Limited on Non Compliance with Regulation 23(9) of SEBI (LODR) Regulations 2015 the details of the non-compliance as well as the fine levied by the Stock Exchanges were placed before the Board at its meeting held on 12th August 2022.The Board was informed about the reply to the Stock exchange requesting them to waive off the penalty imposed even after the Company has submitted the disclosure of related party transactions for the half year ended 31st March 2022 within prescribed time limit both in PDF and XML file format. However the Company took action by making payment of levied penalty on 2nd August 2022 for the sake of safeguarding the interest of shareholders of the Company.

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