Zenith Exports Limited Penalized by BSE and NSE for LODR Non-Compliance
Zenith Exports Limited was notified of penalties by both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding non-compliance with specific listing regulations. The penalties relate to the composition of the company's Board of Directors for the quarter ended March 31, 2026.The notices confirmed that the company violated Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of the Penalty
For this alleged violation, Zenith Exports Limited was assessed a fine of Rs. 3,77,600 by each exchange. The total penalty structure, inclusive of GST, is detailed below:| Exchange | Basic Fine Amount | GST @ 18% | Total Fine Payable (Inclusive of GST) |
|---|---|---|---|
| National Stock Exchange (NSE) | Rs. 3,20,000 | Rs. 57,600 | Rs. 3,77,600 |
| BSE Limited | Rs. 3,20,000 | Rs. 57,600 | Rs. 3,77,600 |
Company Impact and Status
Regarding the financial and operational repercussions, Zenith Exports Limited stated that there is no material impact on the company’s financials, operations, or other activities.In addressing corporate governance structure, the company noted that it is actively seeking suitable candidates for positions, taking into consideration the fact that a previous resolution for the appointment of an Independent Director was defeated by dissenting shareholders. The company is also proceeding with submitting requests for waivers of the fines to both exchanges.
ZENITHEXPO Stock Price Movement
Shares of Zenith Exports Limited on Friday slipped by 2.44% to settle at ₹195.79. The stock traded on a volume of 347 shares, charting a day's range between ₹194.4 and ₹200.4.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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