Akshar Spintex Limited Makes Voluntary Payment of Penalty to Bombay Stock Exchange
Akshar Spintex Limited has made a voluntary payment of a penalty to the Bombay Stock Exchange of India Limited (BSE). The management initiated the payment to adhere to good governance practices.The penalty pertains to violations committed regarding corporate compliance standards between late 2025 and early 2026. The company voluntarily paid the penalty to BSE, following the finding that there was no formal instruction for the payment.
The penalty was imposed by the BSE for non-compliance with specific regulations. The violations and the resulting fines are detailed below:
| Sr. No. | Details Required | Violation Details | Penalty Amount/Details |
|---|---|---|---|
| 1 | Name of the authority | Bombay Stock Exchange of India Limited (BSE) | N/A |
| 2 | Nature and details of the action(s) taken or order(s) passed | Imposition of fine/penalty under SOP Circular for non-compliance with Reg 6(1) and 17 (1). | Fine of Rs. 1000 per day (plus GST@ 18%) for a 17 day delay (Regulation 6), and Fine of Rs. 5000 per day (plus GST@ 18%) for an 84 day delay (Regulation 17(1)). Totaling to Rs. 5,15,660/-. |
| 3 | Details of the violation(s) committed | 1. Failure to appoint a qualified Company Secretary as a compliance officer between September 30, 2025 and October 18, 2025 (17 days delay, violating Regulation 6 of SEBI LODR). 2. Composition of less than Six directors on Board between November 25, 2025 and February 18, 2026 (84 days delay, violating Regulation 17(1) of SEBI LODR). | N/A |
| 4 | Impact on financial, operation or other activities | The total fine/penalty amount was Rs. 5,15,660/-. | N/A |
The payment of Rs. 471960/- was made on May 13, 2026. The payment included a TDS Amount of Rs. 43700/-. The transaction was processed via NEFT (SIBLE00066131478-BSER11848-AKSHAR SPINTEX LIMITED-0466083000000060- SIBL0000466).
AKSHAR Stock Price Movement
Akshar Spintex Limited shares today settled at ₹0.49, remaining unchanged at 0.00% in post-market trading. The equity traded within a tight intraday range of ₹0.48 to ₹0.50, with a noticeable volume of 661,022 shares recorded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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