India Gelatine & Chemicals Limited Fined ₹25,000 by BSE for Delayed RPT Filing
India Gelatine & Chemicals Limited disclosed receiving a ₹25,000 fine from BSE for one-day delay in filing Related Party Transactions disclosure in XBRL format for half-year ended September 30, 2025. The delay was attributed to technical issues from BSE Circular changes requiring integrated XBRL filing on results declaration date. The company has paid the fine and committed to enhanced regulatory compliance vigilance.
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India Gelatine & Chemicals Limited has received a regulatory fine from BSE Limited for delayed compliance with Related Party Transaction (RPT) disclosure requirements. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on December 17, 2025.
Fine Details and Regulatory Action
BSE Limited imposed a fine on the company for delayed submission of RPT disclosures, with specific details outlined in the regulatory communication:
| Parameter: | Details |
|---|---|
| Fine Amount: | ₹25,000.00 |
| Actual Fine Paid: | ₹5,900.00 (basic fine plus GST) |
| Violation Period: | Half-year ended September 30, 2025 |
| Filing Format: | XBRL format |
| Delay Duration: | One day |
| Date of BSE Communication: | December 16, 2025 |
Nature of Compliance Violation
The violation pertains to Regulation 23(9) of SEBI Listing Regulations, 2015, which mandates timely disclosure of related party transactions. The company failed to submit the required RPT disclosure in XBRL format within the prescribed timeline for the half-year ended September 30, 2025.
The regulatory framework requires listed entities to disclose related party transactions in specified formats within designated timelines to ensure transparency and investor protection.
Technical Reasons Behind the Delay
The company attributed the delay to technical issues stemming from regulatory changes. Key factors contributing to the non-compliance include:
- Changes in filing requirements pursuant to BSE Circular dated April 2, 2025
- New mandate for integrated Financials XBRL filing including RPT disclosures
- Requirement to file on the same date as declaration of financial results
- Previous practice allowed XBRL results filing within 24 hours of approval
The company characterized the delay as technical in nature, indicating procedural challenges in adapting to the revised regulatory framework rather than intentional non-compliance.
Company Response and Remedial Measures
India Gelatine & Chemicals Limited has taken immediate corrective action following the regulatory notice:
| Action Taken: | Status |
|---|---|
| Fine Payment: | Completed within prescribed timeline |
| Compliance Status: | RPT disclosure subsequently filed |
| Future Measures: | Enhanced vigilance in meeting regulatory timelines |
| Impact Assessment: | No operational or financial impact beyond fine amount |
The company has committed to implementing more stringent compliance monitoring mechanisms to prevent recurrence of such delays. Management emphasized that the violation had no impact on the company's financial, operational, or other activities beyond the monetary fine paid.
Regulatory Compliance Framework
This disclosure falls under the comprehensive regulatory framework governing listed entities in India. The company provided the required details under Regulation 30 of SEBI Listing Regulations, 2015, read with relevant SEBI circulars including CIR/CFD/CMD/4/2015 dated September 9, 2015, and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.
The regulatory disclosure demonstrates the company's commitment to transparency and adherence to corporate governance standards despite the procedural lapse that resulted in the fine.
Historical Stock Returns for India Gelatine & Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.33% | +1.41% | -1.53% | -8.56% | -14.66% | +237.76% |
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