Elnet Technologies Limited has paid a regulatory penalty of ₹11,800 imposed by BSE Limited for delayed compliance with SEBI listing regulations. The fine was levied under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, for late submission of voting results in XBRL format.

Penalty Details and Violation

The penalty stems from the company's failure to submit voting results in XBRL format within the prescribed timeline following its Extra-Ordinary General Meeting held on February 3, 2026. BSE Limited communicated the penalty through an email dated March 13, 2026, highlighting non-compliance with Regulation 44(3) of the SEBI Listing Regulations.

Timeline of Events and Company Response

Elnet Technologies had duly submitted the voting results and Scrutinizer's Report in PDF format on February 5, 2026, and published the same on the company's website. However, the corresponding XBRL filing was completed only on March 6, 2026. The company attributed this delay to technical system issues and described the lapse as entirely inadvertent.

Payment and Compliance Measures

The company has paid the penalty amount of ₹11,800 with Bank UTR number 944328434 on March 24, 2026. The payment was made to BSE Limited's designated virtual bank account BSER04862 at ICICI Bank Limited. No TDS was deducted from the payment, and the net amount paid equals the gross penalty amount.

Regulatory Framework and Future Compliance

The penalty was imposed under the framework established by SEBI's Master Circular regarding penal actions for non-compliance with listing obligations. The circular prescribes a basic fine of ₹10,000 per instance of non-compliance for delayed submission of voting results, with an additional 18.00% GST, totaling ₹11,800.

Elnet Technologies has committed to strengthening its internal compliance tracking mechanisms to prevent similar occurrences in the future. The company emphasized its dedication to ensuring strict adherence to all regulatory timelines going forward.

Elnet Technologies Limited has announced the passing of its Independent Director Mr. A.P. Radhakrishnan on February 17, 2026. The company informed BSE Limited about this development through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director's Tenure and Contribution

Mr. A.P. Radhakrishnan served as an Independent Director of the company since March 2, 2019. During his tenure on the Board, he made significant contributions through his thorough knowledge and rich experience as a Board and Committee member. The company acknowledged that it had immensely benefited from his expertise throughout his service period.

Details of Demise

According to the company's filing, Mr. Radhakrishnan passed away due to illness and old age. The regulatory disclosure provides the following details:

Regulatory Compliance

The company has fulfilled its disclosure obligations by filing the required information with BSE Limited. The filing was made pursuant to Regulation 30 of the Securities Exchange Board of India Listing and Disclosure Requirements, read with relevant SEBI circulars and SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company's Response

All directors and employees of Elnet Technologies have expressed their deep sympathy, sorrow, and condolences to Mr. Radhakrishnan's family during this difficult time. The company secretary and compliance officer, Swati S. Bajaj, signed the regulatory filing from Chennai on February 18, 2026.