Sampann Utpadan India Limited has been imposed a penalty of ₹60,000 by BSE Limited for delayed submission of trading approval application under SEBI regulations. The penalty was levied for non-compliance with the requirement to submit trading approval within seven working days from the date of listing approval.

Penalty Details and Compliance Requirements

The penalty stems from SEBI Master Circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, which mandates listed entities to make an application for trading approval to stock exchanges within seven working days from the date of grant of listing approval. The regulation prescribes a fine of ₹20,000 per day of non-compliance until the date of compliance.

Company's Explanation for Delay

Sampann Utpadan India Limited has submitted a detailed response to BSE explaining the circumstances that led to the delayed filing. The company attributed the delay to procedural and administrative issues, specifically citing delays in receiving the Credit of Shares letter from NSDL. According to the company's submission, the Credit of Shares letter issued by NSDL on January 7, 2026, was received by the company only on January 9, 2026, despite multiple follow-ups.

The company explained that the application for trading approval requires credit confirmation from the depository, which prevented earlier submission. The company waited until December 19, 2025, the last date for submission, and filed the application on December 22, 2025, considering that December 20-21, 2025, were non-working days.

Lock-in Requirements and Investor Impact

The company has emphasized that the delay did not adversely affect investor interests. The 82,00,000 equity shares issued under the preferential issue are subject to lock-in requirements as per Regulation 167 of the SEBI (ICDR) Regulations, 2018.

Waiver Request and Compliance Commitment

Sampann Utpadan India Limited has formally requested BSE to consider waiving the imposed fine, arguing that there was no prejudice to investor interest due to the lock-in requirements. The company has reiterated its commitment to timely and transparent disclosures and confirmed that internal processes for identification and reporting of material events have been strengthened to prevent recurrence.

The company's response was submitted to BSE via email on January 22, 2025, and was signed by Company Secretary Saurabh Agrawal. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited, referencing scrip code 534598 and scrip symbol SAMPANN respectively.

Sampann Utpadan , formerly known as S. E. Power Limited, has announced its unaudited financial results for the quarter ended September 30, 2025, showcasing a remarkable turnaround in profitability and strong revenue growth.

Financial Highlights

The company, which operates in two primary business segments - Non-Conventional Energy Division and Reclaimed Rubber Division - reported impressive standalone figures for Q2 FY2026:

All figures in lakhs

The company's performance demonstrates a significant improvement, with a substantial increase in revenue and a noteworthy shift from loss to profit compared to the same quarter last year.

Segment Performance

The Reclaimed Rubber Division emerged as the primary contributor to the company's profitability:

All figures in lakhs

Balance Sheet Strengthening

During the quarter, Sampann Utpadan allocated 82,00,000 equity shares on conversion of warrants, potentially strengthening its balance sheet and capital structure.

Management Commentary

The company's board of directors approved these results at a meeting held on October 17, 2025. The statutory auditors have carried out a limited review of the results and expressed an unmodified opinion, indicating the financial statements fairly represent the company's position.

Outlook

While the company has shown impressive growth, it's important to note that these results are for a single quarter. Investors and stakeholders should consider longer-term trends and future guidance from the management for a comprehensive view of the company's prospects.

Sampann Utpadan's strong performance in Q2 FY2026 may position it well in the non-conventional energy and reclaimed rubber sectors, subject to broader market conditions and the company's ability to sustain this growth trajectory.