Mangalam Worldwide secures BSE waiver of ₹1.30 lakh fine
- BSE Limited waived a ₹1.30 lakh fine imposed on Mangalam Worldwide
- The penalty was for alleged non-compliance with Regulation 33 of SEBI Listing Regulations
- The fine covered a 26-day period identified in a June 30, 2026 notice
- BSE approved the waiver application filed by the company on July 10, 2026
*this image is generated using AI for illustrative purposes only.
Mangalam Worldwide has secured a full waiver of a ₹1.30 lakh penalty imposed by the Bombay Stock Exchange (BSE) for alleged regulatory non-compliance. The exchange approved the company’s waiver application on August 26, 2026.
The BSE had initially levied the fine, plus GST, on June 30, 2026, citing alleged violations of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The penalty covered a period of 26 days.
Waiver Approval Details
Mangalam Worldwide filed its waiver application with the BSE on July 10, 2026. The company subsequently submitted intimation regarding the Board of Directors’ comments on the notice on July 24, 2026.
Following review by the relevant authority at the BSE, the application was approved, meaning the company is not required to pay the fine. Mangalam Worldwide stated it remains committed to complying with all applicable provisions of the SEBI Listing Regulations and other laws.
| Event | Date |
|---|---|
| BSE Notice Issued | June 30, 2026 |
| Waiver Application Filed | July 10, 2026 |
| Board Comments Intimated | July 24, 2026 |
| Waiver Approved | August 26, 2026 |
Historical Stock Returns for Mangalam Worldwide
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.33% | -3.01% | +11.14% | +48.96% | +110.47% | 0.0% |
What specific regulatory lapses triggered the initial BSE notice under Regulation 33, and have internal controls been strengthened to prevent recurrence?
How might this waiver approval influence investor confidence and Mangalam Worldwide's stock price volatility in the near term?
Does this successful waiver set a precedent for how the BSE handles similar non-compliance cases involving small-cap companies?
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