Vistar Amar Limited has received formal notification from BSE Limited rejecting its waiver application for a regulatory penalty, marking the conclusion of the company's appeal process against the imposed fine.

Penalty Details and Timeline

BSE Limited had initially levied a penalty of ₹5,42,800 (inclusive of GST) on the company for alleged non-compliance with Regulation 17(1) of the SEBI Listing Regulations. The violation pertained to the composition of the Board of Directors for the quarter ended September 30, 2025.

Company's Response and Current Status

In response to the penalty, Vistar Amar Limited submitted a waiver application to BSE Limited along with the prescribed waiver processing fee of ₹10,800. While the waiver application was pending disposal, the company paid the full penalty amount on December 19, 2025, without prejudice to its rights and contentions.

The company received an email communication dated February 18, 2026, from BSE Limited informing that the waiver application was not accepted and the penalty of ₹5,42,800 stands confirmed.

Regulatory Compliance Update

Vistar Amar Limited has confirmed that the composition of its Board of Directors is now in compliance with Regulation 17(1) of the Listing Regulations with effect from the quarter ended December 31, 2025, and continues to remain compliant thereafter.

Financial Impact Assessment

According to the company's disclosure, there is no material impact on its financials, operations, or other activities resulting from this regulatory action. The penalty payment and associated costs represent the extent of the financial impact from this compliance matter.

Regulatory Framework

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and sub-para 20 of Para A of Part A of Schedule III, which requires companies to inform exchanges about actions taken by regulatory authorities. Regulation 17(1) specifically addresses the composition requirements for company boards, ensuring adequate representation and governance standards.

Vistar Amar Limited has scheduled a Board of Directors meeting for February 13, 2026, to approve its unaudited financial results for the third quarter and nine months ended December 31, 2025. The announcement was made through a formal communication to BSE Limited on February 5, 2026.

Meeting Details and Agenda

The Board meeting is scheduled to commence at 3:00 PM on Friday, February 13, 2026. The primary agenda includes consideration and approval of the company's unaudited financial results for Q3FY26 and the nine-month period ending December 31, 2025.

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has implemented trading window restrictions. The trading window for dealing in Vistar Amar Limited securities has been closed with effect from January 1, 2026.

The closure will continue until 48 hours after the declaration of the unaudited financial results for the quarter and nine months ended December 31, 2025. This measure ensures compliance with insider trading prevention norms and maintains market integrity during the results announcement period.

Regulatory Compliance

The meeting notification has been issued in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Poonam Mor, Company Secretary and Compliance Officer, and digitally authenticated on February 5, 2026.

Vistar Amar Limited, incorporated under CIN L05000GJ1983PLC149135, operates from its head office in Porbandar, Gujarat, with manufacturing facilities located at Bhalpara GIDC in Gir Somnath district. The company maintains its corporate website at www.vistaramar.com and can be contacted through designated email addresses and mobile numbers for investor relations.