NEW DELHI TELEVISION LTD. - 532529 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
This is to inform you that BSE, vide an email dated November 17, 2020, has imposed a penalty on the Company of Rs. 1,88,800/- (inclusive of GST and at the rate of Rs. 5,000 per day) for its alleged delay in appointing a sixth Director to its Board, as required by Regulation 17(1)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This penalty pertains to the period commencing from July 1, 2020 till August 1, 2020. Since the alleged non-compliance was solely on account of COVID- 19 pandemic, the Company shall file an application within 15 days to seek waiver of the revised penalty imposed by BSE in accordance with the carve-out policy, which allows for waiver of fines. Please refer attached file for further details.18-11-2020