Symphony Limited’s Board of Directors reviewed a fine levied by the National Stock Exchange of India (NSE) for a delayed submission regarding Related Party Transactions. The Board acknowledged the unintentional delay, which occurred due to confusion between Integrated Filing systems. While the company has requested a waiver for the fine, measures are being taken to prevent similar occurrences in the future.
NSE Fine Acknowledged
The Board of Directors of Symphony Limited addressed a notice from the National Stock Exchange of India (NSE) regarding a fine. The fine was imposed due to a delay in submitting the Related Party Transactions Disclosure for the half-year ended September 30, 2025.
Details of the Delay
The disclosure was successfully filed on the BSE platform within the required timeframe on November 6, 2025. However, the submission to the NSE was delayed until November 7, 2025, approximately 10 hours late. The company explains that this delay resulted from confusion between two different Integrated Filing systems.
Company’s Actions and Request
Symphony Limited has clarified the situation to the NSE via communications on November 7 and November 28, 2025. Furthermore, the company submitted a formal request for a waiver of the Rs. 5,000 fine on December 19, 2025, which is currently under review by the Stock Exchange.
Board’s Response
The Board has determined the delay was unintentional, stemming from a misunderstanding of filing terminology. They have advised management to implement measures to avoid similar incidents and ensure strict adherence to all necessary processes going forward.
Source: BSE
