Gratex Industries Limited has notified exchanges of an upcoming board meeting scheduled for May 26, 2026, pursuant to Regulation 29. The meeting has been convened to consider the company's financial results for the fourth quarter of FY26 (Q4 FY26).

Board Meeting Details

The following are the key details of the scheduled board meeting:

Regulatory Compliance

The intimation has been filed in accordance with the disclosure obligations applicable to listed companies. Such notifications are a standard regulatory requirement, ensuring transparency and timely communication of material corporate events to shareholders and market participants.

Gratex Industries Limited has received approval from BSE Limited for the waiver of a fine amounting to Rs. 23,600 that was levied for non-submission of the statement of investor complaints under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended March 31, 2025. The waiver was communicated by BSE on April 29, 2026, following the company's representation to the Internal Regulatory Oversight and Review Group.

Background of the Penalty

The company had initially filed its Integrated Filing (Governance) Report for the quarter ended March 31, 2025 on April 16, 2025. In this filing, the company selected 'No' for the clause regarding the applicability of Annexure 1 (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report. This selection was based on a misinterpretation of the clause, though the company had correctly noted in the notes tab that no complaints were received during the quarter.

Waiver Approval Process

Following an exchange query, Gratex Industries submitted a revised Integrated Filing (Governance) Report on May 21, 2025, which included the Investor Grievance Redressal Report as Annexure I Part B as per SEBI requirements, reporting NIL investor grievances. The company had applied for the waiver on May 21, 2025, explaining the circumstances.

BSE Decision and Advisory

The Internal Regulatory Oversight and Review Group noted that the company had submitted the Integrated (Governance) Report on April 16, 2025, before the due date, and had correctly mentioned that no complaints were received during the quarter in the notes tab. Based on these facts, the group decided to accede to the company's waiver request. BSE has advised Gratex Industries to be careful in future to avoid recurrence of such lapses and ensure exercise of due diligence and accuracy while submitting disclosures to the Stock Exchange.

The company had paid a waiver processing fee of Rs. 11,800 (including GST) on May 28, 2025, and has sought guidance from BSE regarding potential refund of this amount following the waiver approval.