E Factor Experiences Limited Pays Fine for Non-Compliance
E Factor Experiences Limited has paid a fine of Rs. 99,120 to the National Stock Exchange of India Limited (NSE) for non-compliance under Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The company’s Board of Directors reviewed the notice from the NSE, dated February 20, 2026, which cited non-compliance regarding the appointment of a Company Secretary & Compliance Officer for the quarter ended December 31, 2025. The Board acknowledged the delay, attributing it to challenges in identifying a suitable candidate. Mr. Rahul Chauhan was appointed as Company Secretary & Compliance Officer with effect from December 24, 2025, and the company is now in compliance.
The Board has advised management to strengthen internal processes, including succession planning and recruitment mechanisms, to ensure timely compliance with regulatory requirements.
The fine of Rs. 99,120 included Rs. 15,120 in GST.
Here’s a breakdown of the fine:
| Regulation | Quarter | Fine amount per day (Rs.) | No. of days of non-compliance | Fine amount (Rs.) |
|---|---|---|---|---|
| REGULATION 6(1) | 31-Dec-2025 | 1000 | 84 | 84000 |
| Total Fine | Total Fine | Total Fine | Total Fine | 84000 |
| GST @18% | GST @18% | GST @18% | GST @18% | 15120 |
| Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | 99120 |
The company has updated payment details on the NEAPS portal.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.