BSE has accepted a waiver application from Rana Sugars regarding a penalty imposed for a delay in submitting financial results. The exchange levied a fine of ₹70,800 after the company filed its results for the quarter ended December 31, 2024, 12 days after the regulatory deadline on February 28, 2025.

The National Stock Exchange of India Limited (NSE) had also imposed an identical penalty of ₹70,800 for the same violation. Following the imposition of fines, the company submitted waiver applications to both stock exchanges on March 25, 2025, and paid a requisite waiver application fee of ₹10,000.

BSE communicated its decision to accept the waiver via email on June 16, 2026. The approval was granted by the exchange's "Internal Regulatory Oversight and Review Group" after reviewing the company's submission. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Violation and Waiver

The regulatory action stemmed from the delay in filing the financial results for the quarter ended December 31, 2024. The table below outlines the key dates and financial figures associated with the incident.

The company stated that the acceptance of the waiver application by BSE resolves the penalty issue with that specific exchange. The status of the waiver application with the NSE was not detailed in the filing.

Promoter Rana Veer Pratap Singh has disclosed a 22.64% equity holding in rana sugars as of March 31, 2026. The declaration, submitted to the National Stock Exchange of India Limited, confirms the promoter's substantial shareholding under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The filing details that the promoter holds 3,47,66,079 equity shares, representing the stated percentage. Rana Veer Pratap Singh confirmed that no encumbrance was created on these shares, directly or indirectly, during the financial year ended March 31, 2026. The disclosure was made on behalf of the promoter, the promoter group, and persons acting in concert.

Shareholding Details

The following table outlines the shareholding declared by the promoter:

The disclosure was addressed to the National Stock Exchange from Chandigarh on April 6, 2026. The submission ensures compliance with regulatory requirements regarding substantial acquisition of shares and takeovers.