Lamosaic India Limited Addresses Non-Compliance with Company Secretary Appointment
Lamosaic India Limited recently addressed a notice received from the National Stock Exchange of India Limited (NSE) concerning a temporary lapse in statutory compliance. The issue involved the non-appointment of a Qualified Company Secretary for the quarter ended March 31, 2026.The NSE notice detailed that the non-compliance with Regulation 6(1) of the SEBI LODR resulted in an imposed daily fine. The financial implication cited was Rs. 62,000/- + GST.
Penalty Details and Company Action
The company confirmed the details of the violation and the action taken to rectify the lapse. The penalty and compliance details are summarized below:| Particulars | Details |
|---|---|
| Authority | National Stock Exchange of India Limited (NSE) |
| Nature of Non-Compliance | Non-appointment of Qualified Company Secretary during the quarter ended March 31, 2026. |
| Financial Penalty Imposed | Rs. 62,000/- + GST, which was stated to continue daily until compliance. |
| Corrective Action Taken | The Company appointed a Qualified Company Secretary effective May 1, 2026. |
The financial impact of the matter was quantified at Rs. 62,000/- + GST. The company maintained that the appointment of the Qualified Company Secretary by May 1, 2026, ensured the payment of the fine would be made within the timelines prescribed by the NSE, and confirmed that there is no material impact on the company’s financial or operational activities.
This operational update confirms Lamosaic India Limited’s immediate action to achieve full compliance with the requirements set by the exchange.
LAMOSAIC Stock Price Movement
On Wednesday, Lamosaic India Limited shares slipped by 6.98% to close at ₹27.3, marking a sharp decline from the prior trading session. The stock shed ₹1.95 on a volume of 110,400 shares, settling near the day's low of ₹26.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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