Sudarshan Chemical Industries Limited has been fined by both the BSE Limited and the National Stock Exchange of India Limited for the non-submission of the unaudited financial results for the quarter ended June 30, 2025, within the prescribed period. The company disclosed this information as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The BSE and NSE imposed a fine of ₹1,71,100 each, inclusive of GST, for the delay. The company is required to make the payment of the fines within the timelines prescribed by the respective stock exchanges.
The delay in submission was attributed to the cascading effect of delays in the submission of audited financial results for the quarter and year ended March 31, 2025. The company had applied to the stock exchanges for an extension for the submission of the unaudited financial results.
| Exchange | Fine Amount (₹) |
|---|---|
| BSE Limited | 1,71,100 |
| National Stock Exchange of India Limited | 1,71,100 |
The company clarified that the levy of these fines does not have any impact on the financial operations or other activities of the company.
Mandar Velankar, General Counsel and Company Secretary of Sudarshan Chemical Industries Limited, stated that the delay was due to the cascading effect of delays in submitting the audited financial results for the quarter and year ended March 31, 2025.
The company clarified that the levy of these fines does not have any impact on the financial operations or other activities of the company.
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