Alpex Solar Limited Board Notes Compliance Matter After Paying NSE Fine for Delayed Filing
Alpex Solar Limited announced that its Board of Directors has taken note of and settled a fine imposed by the National Stock Exchange of India (NSE) concerning a delay in submitting the Annual Secretarial Compliance Report. The company confirmed that the levied fine was paid on July 10, 2026.The company's Board reviewed the notice received from NSE dated July 08, 2026 regarding non-compliance with listing regulations. The deliberation noted the delay pertaining to the submission of the Annual Secretarial Compliance Report as required under Regulation 24A(2) of SEBI (Listing Obligations and Disclosure Requirements).
Following the review, Alpex Solar Limited confirmed that the fine imposed by NSE has been paid in full. The Board further emphasized the importance of diligent adherence to all applicable regulatory requirements moving forward. To prevent similar inadvertent delays, the Board advised initiating measures to strengthen the company's internal compliance mechanism.
The matter was subsequently confirmed as complied with after the payment of the Standard Operating Procedure (SOP) fine levied by NSE. The company affirmed its commitment to complying with all statutory and regulatory mandates in their spirit.
Details regarding the non-compliance and the resultant fines are summarized below:
| Regulation | Period End | Daily Fine Amount (Rs.) | Non-Compliance Days | Base Fine Amount (Rs.) | GST@18% (Rs.) | Total Fine Payable (Rs.) |
|---|---|---|---|---|---|---|
| 24A(2) | March 31, 2026 | 2000 | 3 | 6000 | 1080 | 7080 |
The Board meeting where this matter was discussed took place on July 18, 2026. The company confirmed that it aims to maintain strict adherence to all compliance requirements in the future.
ALPEXSOLAR Stock Price Movement
Shares of Alpex Solar Limited shed 0.75% on Friday, settling at ₹856.55 after trading down by ₹6.45 from the previous close. The stock saw a volume of 41,400 shares during the session as it closed slightly below its daily high.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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