Kerala Ayurveda Ltd: BSE Rejects Waiver Application for Fine Related to Board Composition
Kerala Ayurveda Ltd reported details regarding a fine imposed by the Bombay Stock Exchange (BSE) concerning non-compliance related to the company’s board composition. The company stated that BSE Limited rejected a waiver application submitted by Kerala Ayurveda Ltd on September 9, 2025.The fine, amounting to ₹5,31,000/- including 18% GST, was originally imposed by BSE on August 29, 2025. The non-compliance was attributed to the requirements pertaining to the composition of the Board for the period spanning October 1, 2024, to June 30, 2025.
Kerala Ayurveda Ltd confirmed that it remitted the entire fine amount of ₹5,31,000/- to BSE Limited on March 10, 2026, doing so under protest.
The company noted that while the payment under protest was made, there is no material financial implication for Kerala Ayurveda Ltd arising from the said fine, other than the payment itself.
A summary of the key details of the fine and the procedural timeline is provided below:
| Detail | Information |
|---|---|
| Authority | Bombay Stock Exchange Limited (BSE) |
| Fine Amount | ₹5,31,000/- (including GST @ 18%) |
| Fine Imposed Date | August 29, 2025 |
| Waiver Application Filed | September 9, 2025 |
| Waiver Rejection Date | April 16, 2026 |
| Period of Violation | October 1, 2024, to June 30, 2025 |
| Payment Date (Under Protest) | March 10, 2026 |
| Basis of Violation | Non-compliance with Board composition requirements |
Stock Price Movement
Kerala Ayurveda Ltd shares closed on Thursday at ₹242.25, pulling back 2.98% for the day. Throughout the trading session, the stock found itself moving within a broad intraday range, bouncing between ₹240.30 and ₹257.00.Source:
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