Syngene International’s Board addressed a fine levied by stock exchanges for non-compliance regarding the composition of the Nomination & Remuneration Committee. The Board has taken note of the matter during its meeting on January 22, 2026, and has ensured compliance with SEBI regulations. The company has paid the fine of Rs. 20,000 + GST and has taken steps to strengthen compliance processes.
Board Review of Compliance Issue
The Board of Directors of Syngene International reviewed a notice from the stock exchanges regarding non-compliance related to the composition of the Nomination & Remuneration Committee. The review took place during a meeting held on January 22, 2026.
Compliance Measures and Fine Payment
The Board acknowledged the non-compliance issue and has taken corrective measures to ensure adherence to applicable regulations. As part of its commitment to compliance, Syngene International has paid the fine of Rs. 20,000 + GST levied by the stock exchanges. The company has also initiated steps to avoid similar inadvertent delays in the future. This includes strengthening internal processes and oversight mechanisms.
Commitment to Regulatory Adherence
Syngene International reiterated its dedication to adhering to all applicable regulations. The company continues to implement proactive measures aimed at improving its compliance framework. These measures are designed to support long-term regulatory excellence and prevent future instances of non-compliance. The company has assured that it will always endeavor to comply with the applicable regulations and has already undertaken necessary steps to strengthen its processes to avoid such inadvertent delay in future.
Source: BSE
