Shah Metacorp fined ₹2,360 by NSE for one-day shareholding pattern delay
Shah Metacorp Limited faces a ₹2,360 penalty from the NSE for a one-day delay in filing Q4FY26 shareholding patterns. The fine includes ₹2,000 base plus 18% GST. The company seeks a waiver, noting no change in shareholding occurred as rights issue allotment coincided with the quarter-end. Payment is due within 15 days.
*this image is generated using AI for illustrative purposes only.
Shah Metacorp Limited received a penalty of ₹2,360 from the National Stock Exchange of India Limited (NSE) for non-compliance with Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchange imposed the fine due to a one-day delay in filing the shareholding pattern for the quarter ended June 30, 2026.
The total penalty consists of a base fine of ₹2,000 and Goods and Services Tax (GST) at 18%, amounting to ₹360. The company is required to pay the dues within 15 days. Shah Metacorp has applied for a waiver of the fine, arguing that the shareholding pattern filed for the rights issue allotment on June 30, 2026, fulfilled the XBRL format requirements since there was no change in shareholding between the allotment and quarter-end dates.
Penalty Details
The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
| Particulars: | Details |
|---|---|
| Authority: | National Stock Exchange of India Limited (NSE) |
| Base Fine: | ₹2,000 |
| GST (18%): | ₹360 |
| Total Amount: | ₹2,360 |
| Payment Deadline: | Within 15 days |
| Reason for Default: | One-day delay in complying with Regulation 31 |
| Financial Impact: | Nil, except for the fine amount |
What the Numbers Show
The financial impact of this regulatory action is negligible, limited strictly to the penalty amount of ₹2,360. The company explicitly stated that there is no other quantifiable impact on its financial or operational activities. The waiver request hinges on the procedural overlap between the rights issue allotment date and the quarter-end, suggesting the delay did not result in any material misrepresentation of shareholding data to investors.
Historical Stock Returns for Shah Metacorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.71% | +3.07% | -13.52% | -13.89% | +22.87% | +50.94% |
Will the NSE approve Shah Metacorp's waiver request, or does this set a precedent for stricter enforcement of XBRL filing deadlines?
How might this regulatory scrutiny impact investor confidence in Shah Metacorp's corporate governance ahead of future capital raising activities?
Are other mid-cap companies facing similar penalties for minor disclosure delays, indicating a broader tightening of SEBI compliance norms?
16
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
