- DPSC Limited (NSE: DPSCLTD, MSE: DPSCLTD) (now India Power Corporation Limited) has been cited for breaching SEBI Regulation 33 by failing to file its Q2 FY 2026 results (quarter ended 30 June 2026).
- The company faces a fine of ₹5,000 per day for 26 days, amounting to a base fine of ₹130,000, plus 18 % GST (₹23,400) – total payable ₹153,400 (≈ ₹1.53 Lakhs); annexes also show a ₹3.06 Lakhs impact including related costs.
- The delay stems from an ongoing Corporate Insolvency Resolution Process (CIRP), with board powers suspended and financials under review by the Resolution Professional, Ms. Mano Ranjani.
- Next steps: the firm will request a waiver from NSE and MSE, must settle the fine within 15 days of the notice, and will bring the matter before its Board; failure to comply could trigger harsher sanctions such as freezing promoter demat holdings.
- Investor focus: watch for the waiver filing outcome, the eventual submission of the pending quarterly results, and any further exchange notices that could affect shareholding restrictions.
The monetary penalty of ₹3. 06 Lakhs across both exchanges is financially negligible for the company. However, the formal regulatory citation for breaching SEBI Regulation 33 highlights ongoing administrative and governance hurdles during the Corporate Insolvency Resolution Process (CIRP).
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