Surya Roshni Limited has paid a total of ₹720,000 in fines to stock exchanges for failing to appoint an independent director within the mandated timeframe, according to its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The penalties were imposed by BSE Limited and National Stock Exchange of India Limited for non-compliance with Regulation 17(1)(E) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The report, issued by Anjali Yadav & Associates Company Secretaries, confirms that the listed entity has complied with the provisions of SEBI regulations and circulars except for the matters specified in Annexure A. The company faced separate fines for vacancies that persisted during the quarters ended June 30, 2025, and September 30, 2025.

Penalties Imposed

The exchanges imposed fines for the delay in filling the independent director vacancy. The company stated that it has paid the fines and submitted waiver applications in compliance with applicable SEBI listing regulations.

Compliance Status

Apart from the penalties regarding the director appointment, the report indicates full compliance with other key regulatory requirements. These include adherence to Secretarial Standards, maintenance of a functional website, and timely disclosures of events under Regulation 30.

The audit confirmed that no actions were taken against the company, its promoters, or directors by SEBI or the stock exchanges other than the fines mentioned. There were no resignations of statutory auditors during the financial year, and no additional non-compliances were observed for any SEBI regulation.

Surya Roshni has successfully secured an additional export contract worth ₹17.89 crore ($1.90 million) from the United States, marking a significant development for the company's international business operations.

Export Contract Details

The new deal represents a substantial addition to the company's export revenue stream and demonstrates Surya Roshni's continued expansion in international markets.

Strategic Significance

This additional export contract from the USA strengthens Surya Roshni's international business portfolio and showcases the company's ability to secure valuable deals from major global markets. The contract adds to the company's existing export operations and contributes to its revenue diversification strategy.

Market Impact

The securing of this export deal reflects positively on Surya Roshni's competitive positioning in international markets and its capability to meet global quality standards and delivery requirements. This development is expected to contribute positively to the company's overall financial performance through enhanced export revenues.