Kreon Finnancial Services has received a regulatory penalty from BSE Limited for non-compliance with disclosure requirements under SEBI regulations. The company made this disclosure on December 17, 2025, pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Penalty Details

BSE Limited imposed the fine through an email communication dated December 16, 2025. The penalty structure and violation details are outlined below:

Nature of Violation

The penalty relates to delayed disclosure of related party transactions in the specified format under Regulation 23(9) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This regulation mandates timely and accurate disclosure of related party transactions to ensure transparency for investors and market participants.

Financial Impact Assessment

Kreon Finnancial Services has assessed the impact of this regulatory action on its operations:

Regulatory Compliance

The disclosure was made by Niharika Goyal, Chief Compliance Officer of Kreon Finnancial Services, in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided all required details as mandated under the regulatory framework to ensure full transparency regarding the penalty imposed by the stock exchange.

Kreon Finnancial Services Limited has provided clarification to the Bombay Stock Exchange regarding the delayed disclosure of a senior management resignation, following regulatory inquiry about compliance with disclosure timelines.

Regulatory Clarification

The company received an email communication dated December 16, 2025, from BSE seeking clarification about the delay in reporting the resignation of Mr. Madhan Mohan R within the prescribed 24-hour timeline. The company explained that it misinterpreted the 24-hour requirement as working hours rather than calendar hours.

Senior Management Departure

Mr. Madhan Mohan R, who served as Head-Data Analytics, tendered his resignation effective December 12, 2025, citing personal reasons. The resignation letter was formally submitted on November 3, 2025, addressed to Mrs. Henna Jain Tatia at the company's Chennai headquarters.

Compliance Framework Enhancement

The company expressed sincere regret for the disclosure delay, emphasizing that it was neither intentional nor meant to suppress material information. Kreon Financial Services has assured that it has reviewed and strengthened its internal compliance and disclosure framework to ensure strict adherence to all SEBI regulations going forward.

Niharika Goyal, Chief Compliance Officer, signed the clarification communication and resubmitted the required documentation under Regulation 30 of SEBI (LODR) Regulations, 2015, along with compliance to SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123.

Company Information

Kreon Financial Services Limited operates from its registered office at 26, 22nd Street, Rathinam Nagar, Thiruvanmiyur, Chennai-600041. The company trades on the Bombay Stock Exchange under scrip code 530139 with CIN: L65921TN1994PLC029317.