Pune E-Stock Broking has been penalised ₹3,00,000 plus 18% GST by BSE Limited for failing to file a trading approval application within the mandated timeframe. The penalty relates to a preferential issue of 1,00,000 equity shares.

The exchange levied the fine on August 28, 2026, citing non-compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. Under SEBI Master Circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, listed entities must apply for trading approval within seven working days of receiving listing approval. The penalty structure imposes ₹20,000 per day of non-compliance.

Compliance Timeline

The company’s compliance deadline was August 5, 2026. However, the application was filed on August 20, 2026, resulting in a 15-day delay. This breach triggered the maximum calculated penalty for the period.

Company Response

Pune E-Stock Broking submitted a reply to the exchange on August 24, 2026, arguing that investor interests were not adversely affected. The company highlighted that the 1,00,000 shares are subject to lock-in periods of 18 months for promoters and six months for non-promoters under Regulation 167 of the SEBI (ICDR) Regulations, 2018.

The firm attributed the delay to administrative hurdles, specifically the late receipt of the Credit of Shares letter from NSDL on August 19, 2026. Citing a SEBI circular dated November 11, 2024, the company stated that trading approval applications require depository confirmation, which it lacked prior to that date.

What the Numbers Show

The penalty calculation reveals a strict enforcement mechanism where each day of delay carries a fixed cost of ₹20,000. With a 15-day lapse, the base penalty reached ₹3,00,000. When combined with the 18% GST, the total financial outflow for this single procedural oversight exceeds ₹3,54,000, highlighting the significant cost of regulatory non-compliance even when no trading prejudice is alleged.

Pune E-Stock Broking has published the notice for its 19th Annual General Meeting (AGM) in compliance with SEBI Listing Regulations. The newspaper advertisements appeared in Financial Express (English) and Loksatta (Marathi) on August 20, 2026. This disclosure follows the company's board meeting held on August 18, 2026, where it approved the directors' report for FY26 and fixed the dividend record date.

AGM Schedule and Compliance

The 19th AGM is scheduled to be held on Thursday, September 10, 2026, at 12:00 pm. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM), in accordance with the Companies Act, 2013, and Secretarial Standard-2.

The publication of the notice is pursuant to Regulation 47(1)(d) and Regulation 30 read with Schedule III, Part A, Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also complies with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended, and Regulation 44 of the SEBI Listing Regulations.

Key Dates and Approvals

The board previously approved Thursday, September 3, 2026, as the record date for determining member entitlement to receive dividends for FY26. This is subject to the declaration of dividend by members at the ensuing AGM.

The register of members and share transfer will remain closed from September 4, 2026, to September 10, 2026, both days inclusive. This closure facilitates the preparation of the list of shareholders eligible to vote at the AGM.

The cut-off date for determining voting rights via remote e-voting or at the AGM is also set for September 3, 2026. Bigshare Services Private Limited has been appointed to provide electronic voting and VC/OAVM facilities. M/s. Shailesh Indapurkar & Associates, Company Secretaries, Pune, was appointed as the scrutinizer for the voting process.

Director Remuneration

The board approved the remuneration package for Mr. Ronak Jhaveri, Whole-Time Director, subject to member approval at the AGM. The appointment covers the period from May 13, 2026, to May 12, 2031.

The consolidated remuneration includes salary, allowances, perquisites, and other benefits. The terms are subject to Sections 196 and 197 of the Companies Act, 2013, and Schedule V thereto.

The Annual Report of the company is available on its website at www.pesb.co.in .