India SEBI Regulatory Enforcement Actions — March 25, 2026

25-03-2026

SGL Resources Limited received a fine of ₹88,500 (including GST) from BSE Limited on March 17, 2026, for non-compliance with SEBI Regulation 33 due to late filing of unaudited financial results for the quarter ended December 31, 2025. The company paid the fine on March 24, 2026, after filing the results on March 3, 2026, and plans to seek a waiver to avoid further penalties. This incident highlights a compliance lapse with no other financial impact reported.

• ·Script Code: 526544; ISIN: INE967B01028
• ·CIN: L62013GJ1992PLC017073
• ·Results approved by Board on March 3, 2026
• ·Payment made to avoid further penal consequences

25-03-2026

Fineotex Chemical Limited issued a press release announcing that CrudeChem Technology, part of the Fineotex Group, has launched an additional 15-acre operational facility in Midland, Texas, in the Permian Basin, enhancing capabilities in blending, storage, logistics, R&D, QA/QC, and supply chain management for specialty oilfield chemicals. The facility has an estimated annual handling capacity of 150 million pounds and is supported by a comprehensive logistics network, with a state-of-the-art laboratory under development. Sanjay Tibrewala, Executive Director, emphasized the expansion's role in strengthening presence in the energy sector.

• ·Facility strategically located in the Permian Basin energy hub.
• ·Supported by logistics network including ISO tanks, tanker trucks, yard trucks, forklifts, field service vehicles, and frac tanks.
• ·State-of-the-art laboratory currently under development for R&D, testing, QA/QC, and technical services.

25-03-2026

Artson Limited disclosed a fine of ₹11,800 levied by BSE Limited on February 13, 2026, for inadvertent non-compliance with SEBI LODR Regulation 29(2)/29(3) due to delayed prior intimation of the Board Meeting for the quarter ended December 31, 2025. The Board, at its meeting on March 25, 2026, noted the oversight with no mala fide intent, remitted the fine on February 18, 2026, and directed strict future compliance. No other impacts or recurring issues were reported.

• ·Security Code: 522134
• ·Non-compliance pertains to Q3 FY 2025-26 (quarter ended December 31, 2025)
• ·Bank UTR: INDBH18022978807
• ·No TDS deducted on fine payment

25-03-2026

Azad Engineering Limited received two GST penalty orders dated March 24, 2025, from the Joint Commissioner, Medchal GST Commissionerate, Hyderabad, imposing an aggregate penalty of ₹11.49 lakh (₹10.38 lakh + ₹1.11 lakh) for FY 2019-20 and 2020-21 due to availment of blocked ITC under Section 17(5) and non-payment of GST on other income. The company assesses no material impact on its financials, operations, or other activities and plans to appeal, expecting a favorable outcome. No offsetting positive developments or period comparisons are mentioned.

• ·Orders passed under Sections 73 read with 122(2)(a)/(b) and 74 read with 122(2)(b) of CGST/SGST Act, 2017 and corresponding IGST provisions.
• ·GSTIN: 36AAECA9452H1ZJ
• ·Filing disclosed under Regulation 30 and Schedule III of SEBI LODR Regulations.

25-03-2026

Sterlite Technologies Limited (STL) launched India’s first Hollow Core Fibre (HCF) cable for Data Centre networks, enabling signals to travel ~46% faster through an air-filled core, reducing latency and signal loss compared to traditional solid glass core fibres. The hybrid cable integrates HCF for ultra-low latency, G.654.E Fibre for low-loss long-haul, and G.657.A1 NOVA for versatility. This R&D breakthrough, highlighted by CTO Dr Badri Gomatam, reinforces STL’s leadership with over 780 patents in AI-ready optical connectivity.

• ·STL delivers solutions in more than 100 countries with manufacturing in North America, Europe, and Asia.
• ·Filing date: March 25, 2026; Scrip ID: STLTECH (NSE), Scrip Code: 532374 (BSE).

25-03-2026

Gandhar Oil Refinery (India) Limited has closed its Trading Window for Designated Persons, Connected Persons, and their immediate relatives from April 1, 2026, until 48 hours after the declaration of Audited Financial Results for the quarter and year ended March 31, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The Board Meeting date for approving these results will be announced separately. No financial data or performance metrics are disclosed in this intimation.

• ·BSE Scrip Code: 544029
• ·NSE Symbol: GANDHAR
• ·Membership No.: ACS 29802
• ·Trading Window closure starts: Wednesday, April 01, 2026

25-03-2026

Koura Fine Diamond Jewelry Limited has intimated BSE Limited that the trading window for dealing in its equity shares will remain closed from April 1, 2026, for all designated persons and their immediate relatives, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window shall reopen 48 hours after the announcement of financial results for the half year and year ended March 31, 2026, at the forthcoming Board Meeting. The Board Meeting date will be intimated separately.

• ·CIN: L36999GJ2022PLC130379
• ·Script Code: 543346
• ·Registered Office: G/F-02, Sigma Icon-2, Opposite Medilink Hospital, 132ft Ring Road, Shyamal Square, Satellite, Jodhpur Char Rasta, Ahmedabad - 380015