Artson Limited has disclosed the payment of a regulatory fine to BSE Limited for non-compliance with board meeting intimation requirements. The company paid ₹11,800.00 to settle the penalty imposed for delayed notification under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Non-Compliance Details

The fine was levied for violation of Regulation 29(2)/29(3) of SEBI (LODR) Regulations, 2015, specifically related to delayed prior intimation about the board meeting for the quarter ended 31st December, 2025. BSE Limited communicated the penalty to the company on 13th February, 2026.

Fine Payment Details

The company remitted the penalty amount through electronic transfer, with complete payment details disclosed in compliance with regulatory requirements.

Board Response and Corrective Measures

At the board meeting held on 25th March, 2026, the directors discussed the non-compliance issue and provided their assessment of the situation. The board acknowledged that the violation was inadvertent and unintentional, occurring due to oversight rather than any deliberate action.

Key points from the board's response include:

• The non-compliance was inadvertent and unintentional
• No mala fide intention was involved
• The company places utmost importance on regulatory compliance
• Instructions issued to ensure strict adherence to SEBI (LODR) Regulations, 2015
• Measures to prevent recurrence of such instances in future

Compliance Framework

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary and compliance officer, Deepak Tibrewal, signed the communication digitally on 25th March, 2026, ensuring proper documentation and transparency in regulatory reporting.

Artson Limited, a TATA Enterprise, has secured a substantial contract worth Rs. 42.22 crores from Anuppur Thermal Energy (MP) Pvt. Ltd., as disclosed in a regulatory filing under SEBI (LODR) Regulations, 2015. The announcement was made on 19th March 2026, highlighting a significant business development for the engineering company.

Contract Details and Scope

The comprehensive contract encompasses multiple aspects of steel structure supply and services. The order includes supply, fabrication, testing, painting, packing & forwarding, loading, transportation including transit insurance of prefabricated steel structures for CHP on DAP site basis.

Project Specifications

The domestic contract represents an item rate order structure, providing flexibility in project execution. The 6-month timeline indicates an accelerated delivery schedule, requiring efficient project management and execution capabilities from Artson Limited.

Regulatory Compliance and Transparency

The company has confirmed full compliance with disclosure requirements, stating that the contract does not involve any related party transactions. Additionally, no promoter, promoter group, or group companies have any interest in Anuppur Thermal Energy (MP) Pvt. Ltd., ensuring arm's length transaction principles.

Business Impact

This contract award strengthens Artson Limited's position in the thermal energy infrastructure sector. The order value of Rs. 42.22 crores represents a significant addition to the company's order book, demonstrating continued market confidence in its engineering and fabrication capabilities. The comprehensive scope covering supply chain management, fabrication, and logistics showcases the company's integrated service offerings in the steel structures segment.