Halder venture Limited has paid a regulatory fine of Rs. 5,42,800 imposed by the Bombay Stock Exchange (BSE) for non-compliance with board composition requirements under SEBI regulations. The payment was made on March 26, 2026, as disclosed by the company in its regulatory filing dated March 27, 2026.

Regulatory Violation Details

The fine was imposed for non-compliance of Regulation 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 pertaining to the composition of the Board of Directors for the quarter ended September 2025. The company received the BSE order via email on March 18, 2026 at 4:41 PM.

Fine Payment Information

The following table provides complete details of the regulatory action and payment:

Compliance Disclosure

The disclosure was made pursuant to Regulation 30 read with Clause 20 of Para A Part A of Schedule III of the SEBI LODR and updated SEBI Master Circular No: HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. This follows the company's earlier disclosure dated March 19, 2026 regarding rejection of waiver application and imposition of the SOP fine by BSE.

Financial Impact

According to the company's disclosure, there is no impact on financial, operational or other activities of the listed entity except to the extent of the fine amount of Rs. 5,42,800 including GST imposed by BSE. The payment was authorized by Company Secretary and Compliance Officer Ayanti Sen, who signed the disclosure document digitally on March 27, 2026.

Halder Venture Limited has received a fine of ₹2.59 lakh from BSE for non-compliance with board composition requirements under SEBI regulations. The penalty was imposed for violations during the quarter ended December 2025, marking the second consecutive instance of such non-compliance by the company.

BSE Fine Details

BSE levied the fine under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, for non-compliance with Regulation 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fine breakdown is as follows:

The exchange has mandated payment within 15 days from February 27, 2026, warning that failure to comply could result in freezing of promoter shareholdings and potential transfer to the Z group with suspension of trading.

Board Response and Compliance Status

The company's Board of Directors addressed the matter during their meeting held on March 26, 2026. The board acknowledged this as the second consecutive quarter of non-compliance with Regulation 17(1) requirements.

According to the board's statement, the non-compliance arose following the completion of a Scheme of Amalgamation approved by NCLT with effect from January 1, 2025, which made corporate governance provisions under SEBI (LODR) Regulations applicable to the company.

Timeline of Compliance

The company provided specific details regarding the compliance timeline:

Background and Remedial Actions

The company secretary informed the board that Halder Venture already had two independent directors with expertise in finance and audit. The delay in achieving full compliance was attributed to the company's efforts to identify a suitable independent director with marketing and business development experience.

The board confirmed that the company had been making continuous efforts to appoint the required independent director and that the delay was due to the intent to identify a suitable candidate rather than any regulatory lapse. This status was disclosed in the Integrated Governance Report for the quarter ended September 30, 2025.

Future Compliance Commitment

The board has advised taking abundant caution in future compliance with listing regulations and reaffirmed the company's commitment to strong governance and regulatory adherence. The company has filed a waiver application with BSE on March 2, 2026, seeking relief from the imposed penalty.

The fine must be remitted to BSE's designated virtual bank account, and the company is required to submit payment details in the prescribed format to ensure proper documentation of the penalty settlement.