Shanthi Gears warned for disclosure delay by NSE and BSE

Shanthi Gears Limited announced on December 1, 2025, that it received warning letters from both the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE). The warnings concern a delay in disclosing the reclassification of promoters under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR").

The company submitted an application to the exchanges for promoter reclassification on October 25, 2025, but disclosed this material event only on November 8, 2025. This 13-day delay was deemed a serious non-compliance with Regulation 31A(8)(c), which mandates disclosure within 24 hours of such an event.

Shanthi Gears Limited has been advised to ensure future compliance with SEBI Regulations and to place these warning letters, along with corrective measures, before its board of directors. The company reiterated its commitment to comply with applicable SEBI provisions moving forward.