Sebi imposes Rs 9 lakh penalty on BGR Energy Systems for disclosure lapses
Tuesday, 24 September 2024
The Securities and Exchange Board of India (Sebi) has levied a Rs 9 lakh fine on BGR Energy Systems for non-compliance with disclosure norms and market regulations. Violations included delayed financial statement uploads, failure to disclose related party transactions, and non-reporting of CIRP applications within the required period, prompting regulatory action.
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