Symphony Limited announced that the National Stock Exchange (NSE) has favorably considered its request for a waiver of fines. These fines were levied due to the delay in submitting the required Related Party Transactions Disclosure for the half-year period ending September 30, 2025. The company had previously submitted clarifications on the delay, which occurred on November 7 and November 28, 2025, related to a fine vide letter dated December 19, 2025.
Waiver Granted for Regulatory Non-Compliance
Symphony Limited has received official communication from the National Stock Exchange of India (NSE) confirming the approval of its request for a waiver of fines. The original penalty related to the delayed submission of the disclosure concerning Related Party Transactions for the half-year period ended September 30, 2025, as required under the applicable listing regulations.
Timeline of Disclosure Delay
The company acknowledged that clarifications regarding the delay—which involved communication with the NSE on November 7, 2025, and November 28, 2025—were necessary. The initial fine was formally communicated via a letter dated December 19, 2025. The NSE, after placing the matter before its Relevant Authority, reviewed the case and decided to grant the waiver favorably, referencing their letter dated March 11, 2026.
Future Compliance Assurance
In the formal disclosure dated March 12, 2026, Symphony Limited stated that while the immediate penalty has been waived, the NSE has explicitly requested that the company ensure strict compliance with all Listing Regulations and other applicable rules in the future. A copy of the approval letter, referenced as Annexure – A, was enclosed with Symphony’s submission.
Source: BSE
