Intimation of the board of directors'' comments on the fine levied by BSE due to non-submission of the shareholding pattern under Regulation 31 of SEBI(LODR)

Date: 15th September 2026 BSE Limited Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 539228 Dear Sir/Ma’am, Sub.: Board Comments on the fine levied by the Bombay Stock Exchange Limited Pursuant to the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 ("Master Circular") issued on July 11, 2023 and last updated on January 30, 2026, we wish to inform you that an email received from the Bombay Stock Exchange (BSE) dated August 14, 2026, levying a fine of Rs. 56,640/- (incl. of 18% GST) for non compliance, and a subsequent email dated August 31, 2026, levying a revised/enhanced fine of Rs. 96,760/- (incl. of 18% GST) on account of continuation of the said non- compliance, were placed before the Board of Directors at its meeting held on September 12, 2026. The Board reviewed the matter regarding the non-submission of shareholding pattern within the period prescribed under this Regulation 31 of SEBI Listing Regulations, for the quarter ended June 30, 2026. The Board noted that the delay in submission occurred due to delay in receipt of the requisite data, which was contingent upon completion of certain administrative formalities, including remittance of applicable fees to the Registrar and Share Transfer Agent (RTA) and the Exchange. On account of this, the data required for preparation and submission of the Shareholding Pattern could not be obtained within the stipulated timeline. The Board further noted that the said formalities have since been completed, and the Company is now fully compliant with the requirement of submission of the Shareholding Pattern. The Board also noted that the fine of Rs. 96,760 (incl. of 18% GST) levied by the Exchange in this regard is under process of payment, and the Company shall ensure remittance thereof at the earliest. You are requested to kindly take the same on your record Thanking you FOR GALA GLOBAL PRODUCTS LIMITED VISHAL MULCHANDBHAI GALA Director DIN: 00692090 9/15/26, 12:01 PM Gmail - 539228-Reminder for freezing of promoters’ demat account pursuant to the SEBI SOP circulars CS gala <cs.gala2003@gmail.com> 539228-Reminder for freezing of promoters’ demat account pursuant to the SEBI SOP circulars 1 message bse.soplodr <bse.soplodr@bseindia.com> Mon, Aug 31, 2026 at 6:39 PM To: "inf.galaglobal@gmail.com" <inf.galaglobal@gmail.com>, "cs.gala2003@gmail.com" <cs.gala2003@gmail.com>, "csvandanabaldi@gmail.com" <csvandanabaldi@gmail.com>, "GALA_PRODUCTS_PVT_LTD@YAHOO.COM" <GALA_PRODUCTS_PVT_LTD@yahoo.com>, "vishagalu4ever@yahoo.com" <vishagalu4ever@yahoo.com>, "vishal_gala@yahoo.com" <vishal_gala@yahoo.com>, "Alag.vishal@gmail.com" <Alag.vishal@gmail.com> Cc: "bse.soplodr" <bse.soplodr@bseindia.com> Ref.: SOP/Reminder-QTR-June 2026 Company Secretary & compliance officer/ Promoter of the company Company Name: Gala Global Products Ltd Scrip Code: 539228 Dear Sir/Madam, Sub: Reminder for freezing of promoters’ demat account as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (Chapter VII (A)-Penal Action for Non- Compliance) Pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 -chapter-VII(A)-Penal Actions for Non-Compliance has, inter-alia, prescribed certain penal actions such as levy of financial fines, freezing of promoter demat accounts, transfer to Z group (Trade for Trade) ending with suspension of trading in the securities of the listed entities which do not comply with critical regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It is observed that as per the latest shareholding pattern submitted by Gala Global Products Ltd ,(scrip code: 539228 ), your name has been included in the list of promoters of the company. The company is non-compliant/not paid fines with the provisions of following Regulation(s) for the period mentioned below. As mandated in the SEBI SOP circular the company has been intimated about the pending compliance and has also been informed that all the promoters’ demat accounts would be frozen if the compliance was not completed and fines not paid. The details of fines levied, inter alia, pursuant to aforesaid SEBI Master Circulars are as under: Applicable Regulation of SEBI (LODR) Fines levied for Compliance status Fine amount outstanding as on Regulations, 2015 August 31,2026 (incl. GST @ 18 %) (Amount in Rs.) Regulation 31 Quarter ended Non Submission 96760 June 2026 Non-submission of shareholding pattern within the period prescribed (*)As per the provisions of the circular the fines will continue to be computed further till the time of rectification of the non-compliance to the satisfaction of the Exchange or till the scrip of the listed entity is suspended from trading for non-compliance with aforesaid provisions. As per Exchange records, it is observed that the company has not yet complied/ not paid the fines. Therefore, as in duty bound in terms of the provisions of SEBI SOP circular the Exchange would be proceeding to give instructions to the depositories to freeze the demat accounts of all the entities mentioned in the shareholding pattern by the company, within 10 days from the date of this communication. https://mail.google.com/mail/u/0/?ik=dbc6b7b587&view=pt&search=all&permthid=thread-f:1875044497583336610&simpl=msg-f:1875044497583… 1/3 9/15/26, 12:01 PM Gmail - 539228-Reminder for freezing of promoters’ demat account pursuant to the SEBI SOP circulars It may also be noted that presently the SEBI circular stipulates that the freeze on promoter demat accounts should be lifted only after the company complies and pays fines. (Note: For unfreezing of promoters demat accounts, the Company is required to comply with all the pending compliances and pay all the outstanding fines levied under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 (erstwhile SEBI Circular SEBI/HO/CFD/CMD/CIR/P/2020/12 dated January 22, 2020 , SEBI Circular no. SEBI/HO/CFD/CMD/CIR/P/2018/77 dated May 03, 2018, and SEBI SOP Circular No. SEBI/HO/CFD/CMD/CIR/P/2016/116 dated October 26, 2016, SEBI CIRCULAR NO CIR/CFD/CMD/12/2015, SEBI Circular CIR/MRD/DSA/31/2013 dated September 30, 2013) It may be noted that: · Policy for exemption of fines detailing the reasons for waiver / reduction of fines levied as per the provisions of SEBI SOP circular is disseminated on the Exchange website at the following link: https://www.bseindia.com/downloads1/Policy_for_ Exemption_of_Fines_SOP.pdf · An application for waiver of fines submitted by the company if any, will be considered only after the applicant company has first complied with the compliances for which it is seeking full / partial waiver of fines, as required under the Listing Regulation. · An illustrative list of scenarios which cannot be considered to fall within the ambit of “events” entailing waiver or reduction of fine has been included in the policy disseminated on the Exchange website at aforesaid link. https://www.bseindia.com/markets/MarketInfo/ DispNewNoticesCirculars.aspx?page=20250826-47 · The request of waiver of fine can be submitted to Exchange through Listing center along with documentary evidence at the following path : Listing Centre > Listing Operations > Listing Module > Issue Type > Waiver > Sub process > Waiver (Please note that waiver applications sent via mail will not be considered) · The decision of the Exchange shall be final and repeated applications for waivers that are declined earlier, would not be entertained, unless there are any mitigating fresh facts. The Exchange reserves the right to accede to or deny the request for waiver/ reduction in penalty, for reasons to be recorded in writing. Yours faithfully Reena Raphel Hasti Vora Manager Deputy Manager Listing Compliance Listing Compliance [Showing first 8,000 characters — download PDF for full document]