Tembo Global Industries Pays Exchange Fines Over Non-Compliance
Tembo Global Industries Limited has confirmed the payment of fines levied by the National Stock Exchange of India Ltd (NSE) concerning non-compliance with regulatory requirements for the financial year ended March 31, 2026.The company’s Board of Directors reviewed the notices from the NSE regarding the identified non-compliance and noted that the infraction was inadvertent and unintentional. The Board further advised management to ensure timely compliance going forward. Tembo Global Industries Limited stated that it has paid the relevant fines as stipulated by the National Stock Exchange of India Ltd within the prescribed timeline.
The fine imposition related to Regulation 24(A) covered multiple instances of non-compliance, resulting in substantial charges detailed across different notices issued by the Exchange.
Based on the records provided by the NSE regarding non-compliance for the year ended March 31, 2026, the details of the fines are summarized as follows:
| Regulation | Financial Year Ended | Fine Amount Per Day (Rs.) | Days of Non-Compliance | Base Fine Amount (Rs.) | GST @18% (Rs.) | Total Fine Payable (Inclusive of GST) |
|---|---|---|---|---|---|---|
| REGULATION 24A(2) | March 31, 2026 | 2000 | 21 | 42000 | 7560 | 49560 |
| REGULATION 24A(2) | March 31, 2026 | 2000 | 28 | 56000 | 10080 | 66080 |
The company's confirmation of payment and the Board’s deliberation on the matter marked the conclusion of the fine imposition process related to the identified non-compliance.
TEMBO Stock Price Movement
On Friday, Tembo Global Industries Limited shares tumbled by 5.02% to settle at ₹60.95, following a significant downturn from the previous close. The stock saw heavy activity during the session, with 2.31 million shares traded.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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