Bella Casa fined for non-executive director age compliance

Bella Casa Fashion & Retail Ltd. has announced it received notifications from the BSE and NSE regarding fines for non-compliance with Regulation 17(1A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The non-compliance relates to the appointment or continuation of a non-executive director who has attained the age of seventy-five years.

The total fine levied by BSE is INR 148,680 (inclusive of GST), while NSE imposed a fine of INR 141,600 (inclusive of GST). Bella Casa stated that its shareholders had already approved the appointment of the said non-executive director through a special resolution during the Annual General Meeting held on September 16, 2025, and this information was previously communicated to the stock exchanges.

The company is currently requesting a waiver of these fines from both BSE and NSE. The financial impact to the company is limited to the penalty amounts incurred.