Sinnar Bidi Udyog Limited paid a fine of ₹11,800 to BSE for failing to provide the required prior intimation for its board meeting held on May 29, 2026. The penalty was levied due to a delay in furnishing advance notice for the consideration and approval of the audited financial results for the quarter and year ended March 31, 2026. The company remitted the amount on July 7, 2026, following communications from the exchange regarding the non-compliance.

The board reviewed the matter during its meeting on July 10, 2026, noting that the delay was inadvertent and unintentional. The intimation for the May 29 meeting was submitted on May 26, 2026. However, this did not meet the requirement of 'two clear days' intimation under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, because May 28 was a holiday on account of Bakri Eid.

The board clarified that the delay was purely procedural and there was no intentional withholding of material information. The outcome of the board meeting was disseminated immediately upon its conclusion. The board advised the management to ensure stricter adherence to compliance timelines and implement robust measures to prevent future lapses.

Compliance Details

The fine was imposed pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026. The company received emails from the BSE Listing Compliance department on June 15, 2026, and July 1, 2026, which included a reminder regarding the potential freezing of promoters' demat accounts.

Going forward, the company has directed that all prior intimations pertaining to matters specified under Regulation 29 be submitted to the stock exchange strictly within the prescribed timelines.

Sinnar Bidi Udyog Ltd appointed Mrs. Ashwini Atish Raut as its Company Secretary and Compliance Officer effective June 16, 2026. The Board of Directors approved the recommendation of the Nomination and Remuneration Committee during its meeting held on June 16, 2026. Mrs. Raut has been recognized as a Key Managerial Person in accordance with section 203 of the Companies Act, 2013.

The appointment was made pursuant to Regulations 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III Part A Para A. The Board meeting commenced at 3.30 pm and concluded at 4.15 pm on the same day. Ramdas Prabhakar Jadhav, Whole Time Director and CFO, signed the regulatory filing.

Mrs. Ashwini Atish Raut is an associate member of The Institute of Company Secretaries of India, holding Membership No. ACS-79853. She holds a master's degree in commerce and possesses knowledge in Corporate Law & Secretarial Compliances.

Appointment Details