Morgan ventures Limited has announced that BSE Limited has waived the Rs. 5900 fine imposed on the company for delayed submission of Related Party Transaction (RPT) disclosure. The waiver was communicated to the company via email on January 29, 2026, following a successful representation made by the company.

Background of the Fine

BSE Limited had originally imposed the fine on June 28, 2024, for a one-day delay in submitting the Related Party Transaction disclosure under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had filed its financial results for the half-year ended March 2024 on May 29, 2024, but submitted the RPT disclosure on May 30, 2024.

Company's Waiver Request

Morgan Ventures Limited made a representation to BSE Limited on July 17, 2024, requesting waiver of the fine. The company cited technical issues in BSE's filing system as the primary reason for the delay. According to the company's submission, they had informed the stock exchange about XBRL filing technical issues via email on May 29, 2024, and received a response from the exchange late at night on the same date.

BSE's Decision Details

The Internal Regulatory Oversight and Review Group (IRORG) of BSE reviewed the waiver representation and decided to accept it after considering the facts of the case. The decision details are as follows:

Basis for Waiver Decision

The IRORG noted several key factors in its decision to waive the fine. The group acknowledged that the company had published its financial results for the half-year ended March 2024 on May 29, 2024, and filed the RPT disclosure on May 30, 2024. Importantly, the group recognized that the company had proactively informed the stock exchange about technical issues related to XBRL filing on May 29, 2024, and received resolution from the exchange late at night. The company subsequently submitted the RPT disclosure early morning the next day at 9:37 AM.

Regulatory Compliance

This development demonstrates the company's commitment to regulatory compliance and the importance of timely communication with stock exchanges regarding technical difficulties. The waiver eliminates any outstanding penalty obligations for Morgan Ventures Limited related to this specific regulatory filing delay, allowing the company to maintain its clean compliance record.

Morgan Ventures Limited has announced the appointment of Mr. Sriniwas Chandan as Chief Financial Officer, Company Secretary & Compliance Officer, effective January 01, 2026. The appointment was formally approved by the Board of Directors at their meeting held on December 31, 2025.

Key Appointment Details

The company has designated Mr. Chandan as a Key Managerial Personnel (KMP) with his new role combining three critical functions within the organization. The appointment information has been disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Mr. Sriniwas Chandan brings substantial expertise to his new role at Morgan Ventures Limited. He is a qualified Fellow Member of the Institute of Company Secretaries of India and holds an LLB qualification. His professional experience spans over 15 years across multiple domains including governance, compliance, secretarial functions, finance, accounts, audit and taxation.

Regulatory Compliance

The appointment has been made in accordance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all necessary disclosures as mandated under Regulation 30, ensuring transparency for stakeholders and regulatory authorities. The formal notification was communicated to BSE Limited on January 01, 2026.

Morgan Ventures Limited, incorporated in 1986 with CIN L08106DL1986PLC025841, operates from its registered office at 37, Ring Road, Lajpat Nagar-IV, New Delhi-110024. The company is listed on BSE Limited under scrip code 526237.