Ddev Plastiks Industries Limited addressed a penalty of ₹11,800 levied by BSE and NSE for failing to provide prior intimation of its Board meeting held on February 10, 2026. The Board reviewed the matter at its meeting on May 25, 2026, confirming the fine was paid on March 16, 2026. The penalty was imposed for non-compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates prior intimation for meetings considering specific matters like interim dividends.

The Board observed that the prior intimation was not provided for the meeting where the declaration of an interim dividend was considered. It noted that this was the first instance of such non-compliance and stated that the lapse was unintentional, occurring as the company sought to distribute profits to shareholders following improved performance. The Board advised Key Managerial Personnel to ensure strict compliance with regulatory requirements to prevent recurrence.

Breakdown of Penalty

The exchanges imposed a basic penalty of ₹10,000 and GST of ₹1,800 for the month of February 2026.

Regulatory Compliance

The company confirmed that the matter was placed before the Board as required by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The compliance team has been directed to closely monitor statutory filings to strengthen the company's corporate governance framework.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0HR601026/c0c98da3e1e24956.pdf

Ddev Plastiks Industries Limited has submitted a disclosure to the stock exchanges confirming that no member of its promoter or promoter group has created any encumbrance on the shares held by them during the financial year ended March 31, 2026. The declaration was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The company stated that neither the promoters nor persons acting in concert with them have made any direct or indirect encumbrance on the shares of ddev plastiks industries during the specified period. The disclosure serves as a formal confirmation to the exchanges regarding the status of the shareholding pattern.

The following individuals and entities were identified as part of the Promoter/Promoter group in the disclosure:

The letter was signed by Tanvi Goenka, Company Secretary and Authorised Signatory, and addressed to the Listing Departments of BSE Limited and National Stock Exchange of India Ltd. A copy of the disclosure was also marked to the Audit Committee of the company.