Ambika Cotton Mills fined for SEBI non-compliance by NSE, BSE

Ambika Cotton Mills Limited announced on August 30, 2025, that both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) levied fines against the company for non-compliance with Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fines were communicated on August 29, 2025.

The penalty from the BSE amounted to Rs 186,440, covering the period from April 1, 2025, to June 18, 2025. A similar fine of Rs 186,440 was imposed by the NSE for the same non-compliance and period, resulting in a total fine of Rs 372,880.

Ambika Cotton Mills stated that the issue involves an interpretation of Regulation 17(1A) and indicated its intention to file a waiver application in response to these penalties.