RBI Imposes Compounding Fine on CARYSIL LIMITED Over Subsidiary Investment Reporting Delay
CARYSIL LIMITED has been hit with a compounding order by the Reserve Bank of India (RBI) regarding the timely reporting of an overseas investment made by its subsidiary. The action resulted in a financial penalty of INR 1,44,000/- after the RBI’s Foreign Exchange Department issued the order on July 6, 2026.The Compounding Order, which falls under Section 15(1) of the Foreign Exchange Management Act (FEMA), 1999, pertains to a contravention of Regulation 13 of the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004. The violation was committed due to the delay in reporting the investment made by CARYSIL’s subsidiary to the RBI.
According to the details received from the authority, the specific nature of the contravention was the failure to report the investment to the RBI on time, as required under FEMA regulations.
The order specified that a sum of INR 1,44,000/- has been levied in connection with this matter.
Regarding the impact on the company's activities, CARYSIL Limited stated that while the order relates to a procedural and reporting delay concerning an overseas investment, it does not have any material effect on the financial or operational activities of the listed entity, other than the compounding sum payable to the RBI.
CARYSIL Stock Price Movement
As of 1:37 PM, shares of CARSYIL LIMITED are slipping in live trading, dropping ₹31.60 or 2.76% from previous close to reach a trading price of ₹1115.2. The stock has recorded a total traded volume of 83,873 shares during the current market session.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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