Narmada Agrobase Ltd. Receives Administrative Warning Letter from SEBI
Narmada Agrobase Ltd. announced on April 2, 2026, that it received an administrative warning letter from the Securities and Exchange Board of India (SEBI) via email dated April 1, 2026.The warning pertains to non-compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically concerning the company's failure to update the "Policy for Determination of Materiality" within the required timelines. This constitutes a violation of Regulation 30 (4)(ii) of the LODR Regulations.
Narmada Agrobase Ltd. stated that it has taken the warning seriously and initiated internal measures to strengthen its compliance framework to prevent recurrence. The company confirmed that this matter has no financial or material impact on its operations.
The company has been advised to update the "Policy for Determination of Materiality" promptly, according to the amended LODR Regulations, and to present the warning letter before its Board of Directors in the next meeting for dissemination to the stock exchanges.
The letter was issued by Sareena P U, General Manager, Corporation Finance Department, Division of Supervision, Enforcement & Complaints - 1, SEBI.
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