c2c advanced systems paid ₹2.95 lakh to the National Stock Exchange of India (NSE) following a fine levied for non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The penalty was imposed due to a delay in submitting the audited standalone financial results for the half year and the year ended March 31, 2026. The company remitted the amount, including GST, on July 12, 2026, against notices dated June 30, 2026, and July 16, 2026.

The Board of Directors, at its meeting held on July 18, 2026, noted that the delay was caused by unavoidable circumstances and the pendency of requisite details, records, and information from the company's branch office in the United States of America. Management stated it had been actively coordinating with the branch to obtain the necessary financial and operational data for consolidation and reconciliation. The Board clarified that the delay was not attributable to any wilful default or negligence.

Compliance Status and Remedial Actions

The Board confirmed that the audited financial results for the half year and year ended March 31, 2026, have since been submitted to the Exchange, restoring full compliance under Regulation 33. Consequently, the company has updated the payment details on the NEAPS portal and submitted the relevant supporting documents.

To prevent recurrence, the Board has reviewed and strengthened the internal compliance calendar and supervisory mechanism. The compliance officer has been instructed to implement additional checks, including periodic internal compliance reviews by the Audit Committee, to ensure timely adherence to all disclosure obligations.

Particulars of the Payment

The Board expressed regret over the inadvertent delay and directed the management and compliance team to ensure strict adherence to the Listing Regulations going forward.

C2C Advanced Systems has secured an order valued at over Rs 80 crore for the supply and integration of 30 Counter-Drone System Sub-Units from a leading Indian defence and aerospace company. The contract, awarded in June 2026, covers the supply of sensor and effector components and their integration with Mission Computing Systems, with execution scheduled within calendar year 2026.

Order Details

The order represents the second phase of a counter-drone programme, following an initial phase disclosed on 23rd March 2026 for Mission Computing Systems. The current scope includes the supply of 30 Sub-Units comprising Electro-Optical Tracker, Detector, Jammer, and Spoofer configurations, along with field proving of the integrated system.

Significance for C2C Advanced Systems

The initial phase established the command and coordination layer using C2C's MAGI-C4ISR architecture. This phase delivers the sensor and effector peripherals, creating a complete, deployable Counter-UAS stack. The award of this follow-on scope validates the multi-phase programme structure and reinforces the company's presence in the defence technology segment.

Mrs. Lakshmi Chandra, Managing Director of C2C Advanced Systems Limited, stated that the order completes the system with sensors, effectors, and field-proven integration, serving as a reference deployment for future pursuits with defence agencies and system integrators.