Easy Fincorp Ltd Addresses Alleged Non-Compliances Following BSE Communication
Easy Fincorp Ltd has disclosed receipt of a communication from BSE Limited regarding alleged non-compliances, covering a period from December 2014 to November 2020. The matter relates to potential fines under specific listing regulations.The communication, received on April 23, 2026, specified alleged non-compliances pertaining to regulations 29, 31, 33, and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The allegations arose in the context of communications related to the unfreezing of promoter shareholding in Harrisons Malayalam Limited, a group company of the company.
Easy Fincorp Ltd stated that it received no prior separate notices or intimations regarding these alleged non-compliances during the relevant historical periods.
In response to the communication, the company undertook a detailed review of its records covering the timeframe in question to assess the actual extent of non-compliance. With respect to one matter identified during the review, Easy Fincorp Ltd submitted an application to BSE Limited on April 27, 2026, seeking a waiver of the applicable fine.
The company noted that the financial impact of the alleged non-compliance, if any, is currently unascertainable, as it will depend entirely upon the outcome of the submitted waiver application.
Stock Price Movement
Easy Fincorp Ltd shares settled at ₹990.00 on Thursday, marking a gain of 0.43% in the trading session. The stock saw action throughout the day, moving between a low of ₹990.00 and an intraday high of ₹1015.40.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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