Haldyn Glass Limited has received a regulatory penalty from BSE for non-compliance with disclosure requirements. The company disclosed this development through a regulatory filing dated December 17, 2025, pursuant to Regulation 30 of SEBI Listing Regulations.

Penalty Details

BSE 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 was imposed for delay in submission of related party transactions for the half-year ended September 30, 2025 under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of related party transactions to ensure transparency in corporate dealings.

Company's Response

Haldyn Glass has indicated that it is taking steps to address the penalty. The company stated that it is in the process of making an application to BSE with detailed justifications and has requested a waiver of the fine imposed by the stock exchange.

Financial Impact

According to the company's disclosure, there is no impact on financial, operational or other activities of the listed entity, except for the fine amount of ₹5,000.00 plus GST totaling ₹5,900.00 payable to BSE, if the waiver request is not approved.

Regulatory Framework

The disclosure was made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which outlines the requirements for reporting regulatory actions and penalties imposed by stock exchanges.

Haldyn Glass Limited has received a regulatory fine from BSE Limited for non-compliance with board meeting intimation requirements under SEBI listing regulations. The company disclosed this development through a regulatory filing dated December 16, 2025, pursuant to Regulation 30 of SEBI Listing Regulations.

Fine Details and Violation

The BSE imposed the fine through an email communication dated December 15, 2025, citing delay in furnishing prior intimation about board meetings. The violation specifically relates to non-compliance with Regulation 29(2)/29(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Impact Assessment

According to the company's disclosure, the financial impact on Haldyn Glass Limited's operations is minimal, limited to the fine amount of ₹11,800 payable to BSE if not waived. The company has specifically stated that there is no other quantifiable monetary impact on its financial, operational, or other activities beyond this penalty amount.

Company's Response and Next Steps

Haldyn Glass Limited has informed that it is actively addressing the regulatory matter by preparing an application to BSE with detailed justifications. The company has requested a waiver of the fine imposed by the stock exchange, indicating its intention to contest or seek relief from the penalty.

The disclosure was signed by Dhruv Mehta, Company Secretary and Compliance Officer (ACS-46874), ensuring proper authorization and compliance with regulatory disclosure requirements. The company maintains its corporate office in Mumbai and registered office in Gujarat, continuing its operations in the glass and glass products sector.