Tata Teleservices (Maharashtra) Limited has disclosed that it paid the imposed fine of ₹10,000 plus tax to the NSE following the delayed submission of its Regulation 23(9) disclosure for the half-year ended September 30, 2025. The delay was attributed to unforeseen technical glitches on the NEAPS portal. The Board reviewed the matter, noted the delay was unintentional, and has instructed management to implement additional safeguards to ensure strict future compliance.
Disclosure Regarding Regulatory Penalty
Tata Teleservices (Maharashtra) Limited issued a disclosure dated March 2, 2026, referencing a notice received from the National Stock Exchange of India (NSE) on December 16, 2025. This notice pertained to a delay in complying with Regulation 23(9) of the SEBI Listing Regulations for the half-year period ending September 30, 2025.
Reason for Non-Compliance and Fine Payment
The Company confirmed that while the disclosure was made on time to the Bombay Stock Exchange, the filing on the NSE’s NEAPS portal experienced delays due to unforeseen technical glitches beyond the Company’s control. Despite submitting detailed representations and attending a hearing on January 22, 2026, seeking a waiver, the request was denied. Consequently, the Company duly paid the total fine amount of Rs. 10,000/- plus applicable tax to the NSE within the stipulated timeframe.
Board Review and Future Commitments
As required, the matter was presented to the Board of Directors during their meeting on March 2, 2026. The Board deliberated and confirmed that the delay was unintentional, occurring despite diligent efforts to comply. The Board strongly re-affirmed its commitment to the highest standards of corporate governance and has directed the management and secretarial department to install additional safeguards to guarantee strict and timely regulatory adherence going forward.
NSE Penalty Details (Annexure Summary)
The penalty notice issued by the NSE detailed the non-compliance under Regulation 23(9) for 2 days of non-compliance, resulting in a daily fine of Rs. 5,000. The total fine was Rs. 10,000, with an additional GST (@18%) of Rs. 1,800, totaling Rs. 11,800. The notice also advised that future non-compliance could lead to freezing of promoter shareholdings or shifting trading to a ‘Trade for Trade’ basis.
Source: BSE
