RASANDIK ENGINEERING INDUSTRIES INDIA LTD. - Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulation, 2015
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| 26 Nov 2020 | |
| BSE, vide email dated November 17, 2020 (SOP-CReview-Nov20), has imposed a penalty on the Company of Rs. 542,800/- inclusive of GST for the delay in this matter of appointment of a sixth Director to the Board of the Company in terms of Regulation 17(1)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. <BR> <BR> On account of the COVID-19 pandemic, the Company had faced difficulty in finalizing a candidate for the appointment of a sixth Director. The Board of the Company found it impossible to meet in person suitable candidates for the sixth director.<BR> <BR> On September 14, 2020, in compliance with Regulation 17(1)(c), the Company appointed Mr. Abhay Kumar Khanna as the sixth Director to the Board of the Company. <BR> <BR> Since the alleged non-compliance was solely on account of COVID-19 pandemic, the Company shall file an application within 15 days to seek waiver of the penalty imposed by BSE in accordance with its carve-out policy, which allows for waiver of fines. <BR> | |
| View all announcements for RASANDIK ENGINEERING INDUSTRIES INDIA LTD. | Source: BSE India |
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