Elitecon International has been fined ₹1,53,400 by BSE Limited for failing to submit its financial results for the quarter ended June 30, 2026, within the prescribed timeline.

The penalty stems from a violation of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of quarterly financial performance. The Bombay Stock Exchange issued the communication on September 11, 2026, citing the non-submission of results for Q1FY27.

Waiver Application Filed

Following the receipt of the fine notice, Elitecon International submitted an application to BSE on September 14, 2026, seeking a full waiver of the penalty. The company is currently awaiting the exchange’s decision on this request.

In its disclosure under Regulation 30 of the SEBI LODR Regulations, the firm stated that no other material impact on its financial or operational activities has been identified at this stage.

What the Numbers Show

The fine amount of ₹1,53,400 represents a standard procedural penalty rather than a material financial hit for the listed entity. The company’s immediate focus remains on regulatory compliance and securing the waiver, with operations unaffected by the contravention.

Elitecon International received a penalty of ₹2,38,360 from BSE Limited on August 25, 2026, for alleged regulatory breaches during the quarter ended June 30, 2026.

The exchange cited non-compliances under Regulations 17(2A) and 21(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The violations relate to board meeting quorum requirements and the constitution of the Risk Management Committee.

Regulatory Action Details

The communication, bearing reference number SOP-CReview/QTR-Jun-26, levied Standard Operating Procedure (SOP) fines aggregating to the stated amount. Elitecon disclosed the receipt of this order on September 10, 2026, in compliance with Regulation 30 of the SEBI LODR Regulations.

Company Response

Elitecon submitted an application to BSE on September 10, 2026, seeking a full waiver of the fines. The company is currently awaiting the exchange’s decision on this request.

Management stated that no other material impact on the financial or operational activities of the company has been identified at this stage, aside from the monetary penalty.