Transpek industry Limited's Board of Directors has formally addressed and contested a fine imposed by BSE Limited concerning delayed submission of share reclassification application. The Board convened on March 26, 2026, to discuss the regulatory matter and provide their official response to the exchange.

Board Meeting and Fine Assessment

The Board meeting was held on March 26, 2026, commencing at 02.00 p.m. and concluding at 05.45 p.m. The discussion centered on BSE's email dated March 13, 2026, which advised the company to place the non-compliance matter before the Board of Directors. The issue pertains to Regulation 31A(3)(a)(ii)/(iii)/(v)/(vi) regarding delayed submission of application for reclassification of shares from Promoter to Public Category.

Company's Position on the Fine

The Board expressed strong disagreement with the fine, maintaining that it was unjustified. According to the company's official statement, Transpek Industry had submitted the required application within the stipulated timeframe, but in a different category. The Board characterized this as a technical error rather than a deliberate violation of regulatory requirements.

The company emphasized that this was not a substantive compliance failure but rather a procedural misstep that did not warrant the penalty imposed by BSE Limited.

Compliance and Payment Status

Despite contesting the fine's validity, Transpek Industry demonstrated its commitment to regulatory compliance by taking the following actions:

• Paid the fine under protest within the applicable timeframe
• Ensured adherence to all BSE Limited requirements
• Maintained good governance practices throughout the process

Future Compliance Measures

The Board has implemented preventive measures to avoid similar incidents in the future. As part of their governance enhancement initiative, the company has decided to exercise abundant caution in all regulatory submissions and compliance matters. This proactive approach reflects the company's commitment to maintaining high standards of corporate governance while protecting shareholder interests.

The official communication was signed by Bimal V. Mehta, Managing Director (DIN: 00081171), and submitted to BSE Limited as part of the company's formal response to the regulatory matter.

Transpek Industry Limited has received a substantial acquisition disclosure from its promoter entity Dipkanti Investments and Financing Private Limited under SEBI regulations. The acquisition represents a significant increase in the promoter's stake through an inter-se transfer mechanism.

Transaction Details

The acquisition involved 135004 equity shares of Transpek Industry Limited, completed on 12/03/2026. The transaction was executed through an off-market inter-se transfer of shares among promoters by virtue of merger/amalgamation through NCLT order.

Shareholding Pattern Changes

The acquisition has resulted in a notable change in Dipkanti Investments' shareholding pattern in Transpek Industry Limited. The promoter entity's stake has increased substantially following this transaction.

Regulatory Compliance

The disclosure was filed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dipkanti Investments and Financing Private Limited is identified as a promoter entity of Transpek Industry Limited.

Key regulatory aspects include:

• Filing made with BSE Limited where Transpek Industry shares are listed
• Total equity share capital of the company stands at 55,85,569 shares
• No encumbrances, warrants, or convertible securities involved in the transaction
• Disclosure filed on 13/03/2026, one day after the transaction date

Company Information

Dipkanti Investments and Financing Private Limited is registered in Mumbai with CIN U65990MH1984PTC033148. The company's registered office is located at Sanket, 39 Hatkesh Society, 6th North South Road, Juhu Scheme, Vile Parle (West), Mumbai - 400 056.

The transaction reflects internal restructuring among promoter entities through the formal merger/amalgamation process approved by the National Company Law Tribunal, ensuring compliance with corporate governance requirements.