Tirupati Sarjan Ltd. Receives Fine and Rejection of Waiver Application from BSE
Tirupati Sarjan Ltd. announced today, March 26, 2026, that it has received a fine of ₹2,83,200 (including GST) from the BSE Limited. The fine relates to the company’s board composition not being compliant with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the period ending December 31, 2024.Previously, on May 8, 2025, the company submitted a waiver application to the BSE to potentially avoid the penalty. However, the BSE rejected the waiver application on March 25, 2026, and now requires the company to pay an outstanding SOP fine of ₹6,84,400 (including GST).
The company is currently exploring options regarding future course of action.
According to a regulatory filing, the fine is expected to create an additional financial burden for the company.
A summary of the details is presented below:
| Particulars Details | Particulars Details |
|---|---|
| Name of the authority | BSE Limited |
| Nature and details of the action(s) taken, initiated or order(s) passed | Regret letter received regarding waiver of SOP fine imposed with reference to Waiver Application dated 08t May, 2025 filed by the company. |
| Date of receipt of direction or order, including any interim or interim orders, or any other communication from the authority | 25t March 2026 |
| Details of the violation(s) /contravention(s) committed or alleged to be committed | The Company's Board Composition is not as per Regulation 17(1) of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 during the period from 13t November 2024 to 09t March 2025. |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | Not Applicable except additional burden on Company equal to fine imposed. |
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