GALA Global Products Limited has paid a total fine of ₹22,420 to BSE Limited for non-compliance with SEBI listing regulations. The company faced penalties for delayed submissions of mandatory regulatory reports for the quarter ended December 2025.

Regulatory Non-Compliance Details

The company was penalized for violations under two specific regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE issued notices on February 20, 2026 and February 27, 2026, highlighting the non-compliance issues.

Board Response and Corrective Measures

The board of directors addressed the non-compliance issues during their meeting held on March 7, 2026. The board noted that the delay in filing both the Statement of Shareholder Complaints and the Corporate Governance Report was due to inadvertent oversight by the team. According to the board's statement, the reports were prepared and ready internally, but the formal submission was missed by a marginal period.

The board characterized this as a one-time procedural delay that does not reflect the underlying governance standards of the company. To prevent future recurrence, the board has mandated the implementation of a Compliance Dashboard.

Regulatory Framework and Consequences

The fines were levied under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which prescribes penal actions for non-compliance with listing obligations. BSE had warned that failure to pay the fines within 15 days could result in freezing of the entire shareholding of the promoter in the entity.

The exchange also cautioned that second consecutive quarter non-compliance for certain regulations could result in the company being transferred to the Z group and becoming liable for suspension of trading of its equity shares.

Payment and Compliance Status

The company has already remitted the full fine amount of ₹22,420 to BSE's designated virtual bank account. The board reaffirmed its commitment to maintaining the highest standards of corporate governance and ensuring future compliance with all regulatory requirements.

Gala Global Products Limited has informed BSE about receiving a regulatory notice for non-compliance with shareholder complaints reporting requirements. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on March 5, 2026.

Regulatory Non-Compliance Details

The company received an email from BSE Limited on February 20, 2026, regarding the non-submission of its statement on shareholder complaints. The violation pertains to Regulation 13(3) of SEBI Listing Regulations for the quarter ended December 2025.

Financial Implications

BSE has imposed a fine on the company for this regulatory breach. The financial impact is limited to the penalty amount levied by the exchange.

Company Response

Gala Global Products Limited has taken prompt action to address the non-compliance issue. The company paid the imposed fine on March 1, 2026, demonstrating its commitment to resolving regulatory matters expeditiously.

Regulatory Framework

This disclosure was made pursuant to multiple SEBI circulars, including SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025. The company has confirmed that all information provided in the disclosure is true, correct, and complete to the best of its knowledge.

The intimation is available on the company's website at galaglobalhub.com for stakeholder reference.