Saakshi Medtech Fined by NSE Over Shareholding Pattern Compliance; Cites Technical Glitch
The National Stock Exchange of India (NSE) imposed a fine on Saakshi Medtech and Panels Limited following non-compliance regarding the submission of its shareholding pattern for the quarter ended March 31, 2026. The company has responded to the notice, explaining the delay as a technical issue and requesting a waiver of the imposed penalty.The NSE identified the delayed compliance under Regulation 31 of SEBI (LODR) Regulations, 2015. According to the exchange's annexure, the non-compliance related to a one day period. The fine was levied based on a rate of Rs. 2000 per day.
The financial structure of the fine is detailed below:
| Regulation | Quarter | Fine amount per day (Rs.) | Days of non-compliance | Fine amount (Rs.) |
|---|---|---|---|---|
| REGULATION 31(1) | 31-Mar- 2026 | 2000 | 1 | 2000 |
In addition to the principal fine, a GST of 18% amounting to Rs. 360 was levied, making the total payable amount Rs. 2360.
Saakshi Medtech and Panels Limited stated that the shareholding pattern for the quarter ended March 31, 2026, had been submitted on May 22, 2026. The company attributed the delay in submission to an unforeseen technical issue encountered on the NEAPS portal at the time of filing, which disrupted the upload process.
The company reported that the matter was reviewed by its Board of Directors, who were apprised of the delay and its reasons. The Board directed strengthening internal compliance monitoring and reporting mechanisms to prevent recurrence.
In response to the notice from the Exchange, Saakshi Medtech submitted a request for fine waiver. The company maintained that the delay was unintentional and occurred despite bona fide efforts to comply within prescribed timelines. They assured continued adherence to regulatory requirements in the future and requested the Exchange to consider the circumstances leading to the technical issue when reviewing the fine imposition.
SAAKSHI Stock Price Movement
Today, shares of Saakshi Medtech and Panels Limited surged to close at ₹252.95, rallying by 3.66% in post-market trading. The stock traded within an intraday range of ₹245 to ₹259 and saw a total volume of 21,000 shares recorded today.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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