Reliable Data Services Limited addressed fines levied by the National Stock Exchange of India Limited (NSE) and BSE Limited for non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board, in a meeting held on May 30, 2026, clarified that the delay in appointing a woman director was not wilful but resulted from issues identified during the due diligence process of prospective candidates. The company has since appointed Mrs. Bhoomika Aditya Gupta (DIN: 02630074) as an Independent Director effective February 14, 2026, restoring compliance.

Board Comments and Compliance Timeline

The Board noted that the company had initiated timely steps to fill the casual vacancy and kept the exchanges informed. At a meeting on November 14, 2025, the Board deliberated on the appointment but deferred the decision due to concerns arising during due diligence. Subsequently, on February 14, 2026, the Board approved the appointment of Mrs. Bhoomika Aditya Gupta. The company has paid the applicable fines and submitted waiver applications to both exchanges via the NEAPS portal.

Regulatory Penalties and Waiver

The exchanges imposed fines for the quarter ended December 2025. The NSE levied a total fine of ₹47,200, including GST, while the BSE levied a similar amount. The penalties related to the failure to maintain the required Board composition. The company emphasized its commitment to corporate governance and advised management to ensure strict compliance going forward.

Reliable Data Services Limited announced that officials from the GST Department, Preventive Cell, visited its office on May 19, 2026. The purpose of the visit was to conduct an enquiry related to the company's compliance with Goods and Services Tax (GST) regulations. Following the visit, the GST Department issued a summon to the company on the same day.

The company confirmed that it has fully cooperated with the authorities during the process. In its disclosure, reliable data services stated that it has complied with all requirements and furnished the necessary documents requested by the officials.

Key Details of the Disclosure

The following table summarizes the key events disclosed by the company:

The intimation was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed under Schedule III, Part-A, Para A (Clause 19) of the regulations.