Dolat Algotech Limited Pays Penalty of Rs. 1,18,000 to NSE Clearing for Position Limit Violation
Dolat Algotech Limited has confirmed receipt of a penalty notice from NSE Clearing Limited (NCL) related to trading activities. The fine stems from an increase in existing or creation of new positions in an underlying security after the market-wide open interest crossed 95% of the prescribed market-wide position limit.The company reported receiving the direction from the clearing corporation on May 22, 2026.
According to the details provided, the penalty levied by NCL amounts to Rs. 1,18,000/-. This total penalty is composed of a basic fine of Rs. 1,00,000/- and an additional GST component of Rs. 18,000/-.
The violation pertains to an increase in existing positions or the creation of new positions in an underlying security. This was in violation of the guidelines set forth in Circular No. NSCC/F&O/C&S/365 dated August 26, 2004.
The financial impact of the penalty was assessed by the company, which stated that the amount does not have a material impact on the financials, operations, or other activities of Dolat Algotech Limited, other than the monetary penalty itself.
For reference, the financial details of the penalty and its composition are as follows:
| Particulars | Amount |
|---|---|
| Basic Fine | Rs. 1,00,000/- |
| GST | Rs. 18,000/- |
| Total Penalty | Rs. 1,18,000/- |
DOLATALGO Stock Price Movement
Shares of Dolat Algotech Limited on Friday slipped by 5.19% to settle at ₹75.12, marking a daily decline of ₹4.11. The stock traded on a volume of 794,157 shares, testing the day's low of ₹74.65.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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