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 paid the regulatory fine of ₹11,800 to BSE Limited for non-compliance with board meeting intimation requirements under SEBI listing regulations. The company made the payment on December 31, 2025, while continuing to pursue a waiver application with detailed justifications.

Fine Payment and Regulatory Update

The company disclosed the fine payment through a regulatory filing dated January 02, 2026, in continuation of its earlier disclosure from December 16, 2025. This follows the BSE's email communication dated December 15, 2025, citing delay in furnishing prior intimation about board meetings under Regulation 29(2)/29(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Dual Approach Strategy

Haldyn Glass Limited has adopted a two-pronged approach to address the regulatory matter. While ensuring compliance by paying the imposed fine amount, the company has simultaneously submitted a waiver application to BSE with detailed justifications. This strategy demonstrates the company's commitment to regulatory compliance while seeking relief from the penalty through proper channels.

Financial and Operational Impact

The financial impact on Haldyn Glass Limited remains minimal, limited to the fine amount of ₹11,800 now paid to BSE. The company has confirmed that there is no other quantifiable monetary impact on its financial, operational, or other activities beyond this penalty amount. The payment ensures the company maintains its good standing with the stock exchange while the waiver application remains under consideration.

Corporate Governance and Compliance

The disclosure was authorized by Dhruv Mehta, Company Secretary and Compliance Officer (ACS-46874), ensuring proper regulatory compliance and transparency. The company operates from its corporate office in Mumbai and registered office in Gujarat, continuing its business activities in the glass and glass products sector while maintaining adherence to SEBI listing regulations.