On Door Concepts Addresses Board Concerns Over NSE Penalty Following Non-Compliance
On Door Concepts Limited has addressed a notice from the National Stock Exchange of India (NSE) concerning non-compliance with listing regulations for the period ended March 31, 2026. The company submitted a board comment regarding the fine levied by the Exchange.The attached financial details show the calculation of the payable fine. For the non-compliance identified under Regulation 29(2)/29(3) for March 31, 2026, the total payable fine, inclusive of GST @18%, amounts to INR 11,800.
| Regulation | Month | Fine amount per day/ instance (Rs.) | No. of day(s) /No. of Instance(s) | Fine amount (Rs.) |
|---|---|---|---|---|
| REGULATION 29(2)/29(3) | 31-Mar-2026 | 10000 | 1 | 10000 |
| Total Fine | Total Fine | Total Fine | Total Fine | 10000 |
| GST @18% | GST @18% | GST @18% | GST @18% | 1800 |
| Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | 11800 |
Company's Statement on Non-Compliance
On Door Concepts Limited stated that the initial non-compliance was inadvertent and unintentional. The company explained that the discussion regarding the matter occurred during a board meeting held on March 13, 2026, under the 'any other agenda' item, at the request of a Director and with the agreement of all directors present.The company clarified that the board had merely explored available fundraising options and had constituted a Fund raising Committee to assess possibilities. It noted that no specifics regarding the mode, amount, or terms and conditions of the fundraise were discussed during that meeting.
Board Action and Future Steps
The matter was subsequently placed before the Board of Directors at its meeting on April 21, 2026. The Board took note of the notice and expressed concern. The Board advised the management to establish stronger internal control and compliance monitoring systems to ensure strict adherence to all applicable regulatory requirements moving forward.The company submitted that the instance was isolated in nature and caused no loss to investors or stakeholders. The company also stated its intention to make an appropriate application to the Stock Exchange for a waiver of the penalty/fine, if deemed necessary and practicable.
The company reiterated its commitment to ensuring full compliance with all applicable provisions.
ONDOOR Stock Price Movement
Today, On Door Concepts Limited shares edged higher to close at ₹151.85, marking a gain of 0.60% in trading. The stock finished the session on a volume of 3,900 shares.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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