Elecon Engineering fined $850 for NSE compliance breach
Elecon Engineering Company Limited was fined INR 70,800 by the National Stock Exchange of India for non-compliance with listing regulations regarding related party transaction disclosures.
The company failed to upload required disclosures to the NSE portal after submitting them to BSE, assuming automatic reflection across exchanges. The fine covers 12 days of non-compliance at INR 5,000 per day, plus GST.
Elecon has since uploaded the required disclosure and submitted a waiver application to NSE.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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