Karma Energy Ltd to Pay Fine Imposed by BSE Limited for Noncompliance
Karma Energy Ltd reports that it has received communication from BSE Limited concerning the levy of a fine due to noncompliance with specific provisions of the Listing Regulations. The fine relates to failures in board composition and maintaining the Stakeholders Relationship Committee (SRC).BSE Limited issued the directive on April 6, 2026. The action taken involves a fine amounting to Rs.580560/-, which includes GST.
The core details of the levy are as follows:
| Authority | Nature and details of the action | Date of Receipt | Violation Details |
|---|---|---|---|
| BSE Limited | Levy of fine of Rs.580560/- (including GST) for non-compliance with Regulation 17 & 20 of SEBI LODR. | 06th April, 2026 | Delay in compliance with requirements pertaining to the composition of the Board and failure to properly constitute or maintain the Stakeholders Relationship Committee (SRC). |
The financial impact of this noncompliance is limited to the amount of the fine specified. The company stated that there is no impact on its operations.
Karma Energy Ltd confirmed that it is currently in the process of either paying the fine or filing an appeal for a waiver, reiterating its commitment to adhering to all regulatory requirements moving forward.
KARMAENG Stock Price Movement
Today, Karma Energy Limited shares edged higher to close at ₹38.74, climbing 1.12% during the session. The stock settled on a total traded volume of 2,672 shares.Source:
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