BSECompany Update1d ago · 23 Oct 2026, 05:40 pm
WAIVER APPLICATION REJECTION AND PAYMENT OF FINE
Zenith Exports Ltd · 512553
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Zenith Exports Ltd has been fined Rs. 7,72,900 by the National Stock Exchange of India Limited for non-compliance with Regulation 17(1) of the SEBI Listing Regulations. The company's waiver application for the fine has been rejected and the fine has been paid on October 23, 2026.
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Zenith Exports Ltd - 512553 - WAIVER APPLICATION REJECTION AND PAYMENT OF FINE
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19, R. N. Mukherjee Road, Kolkata - 700 001, India
Phone: 033-2248 7071, 2248 6936
E-mail: sec@zenithexportsltd.net
Website: www.zenithexportsltd.com
CIN : L24294WB1981PLC033902
23rd Octoher'2026
The Manager The Secretary
Listing Department BSE Limited
National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers
'Exchange Plaza', C-1, Block-G Dalal Street
Bandra-Kurla Complex Mumbai- 400 001
Bandra (E) Scrip Code: 512553
Mumbai- 400 051
Scrip Code: ZENITHEXPO
Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 - Rejection of Waiver Application for Fine Imposed
by the Stock Exchange and Payment of Fine by the Company
Dear Sir/Madam,
With reference to your letter no- NSEILIST/CD/2026/0043 dated 19th October, 2026
regarding the imposition of a fine of Rs. 7,72,900/- (including GST@18%) by the
National Stock Exchange of India Limited for alleged non-compliance with Regulation
17(1), of the SEBI Listing Regulations, we wish to inform you that our waiver
application has been rejected by National Stock Exchange of India Limited which has
been notified to us on October 19, 2026.
We wish to further inform you that post receipt of such intimation; the Company
has made the payment of the aforementioned fine on October 23, 2026.
The details as required under Regulation 30 of the Listing Regulations read with
SEBI circular dated SEBIIHOICFD/CFD-PoD-1/P/CIRl20231123 dated July 13,
2023, are provided in the Annexure hereto.
We request you to kindly take this information on record.
Thanking You,
Annexure I
A detailed information as prescribed under Regulation 30 read with Para A of
Part A of Schedule III of SEBI Listing Regulations:
Name(s) of the authority National Stock Exchange ofIndia Limited
nature and details of the actiorus) A fine of Rs.7,72,900/- (including GST@18%)
taken, initiated or order(s) passed; by the National Stock Exchange of India •.
Limited each was imposed for alleged non-
compliance with Regulation 17(1), of the
SEBI Listing Regulations. The Company
filed a waiver application which has been
rejected by National Stock Exchange of India
Limited and was notified to us on October 19,
2026.
We wish to further inform you that post receipt
of such intimation; the Company has made the
payment of the aforementioned fine on October
23,2026.
date of receipt of direction
order, including any ad-interim On October 19, 2026, received intimation fOI
interim orders or any other rejection of waiver application
communication from the
authority
details of the For delayed compliance with Regulation
violation(s)/contravention( s) 17(1), of the Listing Regulations.
committed or alleged to be committed;
impact on financial, operation or None
other activities of the listed entity,
quantifiable in
monetary terms to the extent possible.
NSE/LIST/CD/2026/0043 October 19, 2026
The Company Secretary
Zenith Exports Limited
19 R.N. Mukherjee Rd., First Floor
Main Building, Kolkata- 700001, West Bengal
Dear Sir/Madam,
Subject: Request for waiver of fines
This is with reference to waiver application filed by your Company seeking waiver of fines as levied by the
Exchange for delay in compliance pertaining to Regulation 17(1) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, for the consecutive quarters ended December 31, 2025, and
March 31, 2026, respectively.
As per the Exchange Circular having ref no. NSE/CML/2025/35, dated August 26, 2025,
the waiver applications
received from commonly listed entities would be segregated between the Exchanges and the decision taken
by one Exchange on waiver requests would be applicable to the same waiver requests received by other
Exchanges to maintain the uniformity in decision at both Exchanges.
In view of the above, the Exchange is in receipt of the email from BSE Limited who is Designated Exchange
for processing waiver application of your company, wherein the matter was not considered favourable by the
Designated Exchange.
Accordingly, the decision of the Designated Exchange has been noted by the Relevant Authority of the
Exchange.
Therefore, you are hereby requested to make the payment of fines levied on or before October 29, 2026, or in
case of failure to do so, the Exchange may initiate appropriate actions against the Company and/or Promoters
of the Company.
The particulars about the manner in which fine shall be remitted to the Exchange is enclosed as Annexure -1.
You are requested to ensure compliance with Listing Regulations and/or any other applicable Regulations in
future.
Yours faithfully,
For National Stock Exchange of India Limited
Jeetendra Rangnani
Manager
Annexure -1
Regulation Quarter(s) Fine Amount Days of non- Fine Amount
Ended per day (Rs.) compliance(s) (In Rs.)
17(1) 31-Dec-2025 5,000 67 3,35,000
31-Mar-2026 5,000 64 3,20,000
Total fine 6,55,000
GST@18% 1,17,900
Total Fine payable (Inclusive of 18% GST) 7,72,900
Notes:
If the fine amount is paid before receipt of this letter, then inform the Exchange accordingly.
Please mail the fine payment details including name of the bank, UTR No., date of payment etc. on
listingSOP@nse.co.in
The above payment may be made vide RTGS / NEFT / Net Banking or through Cheque payment
are as follows:
BENEFICIARY NAME NATIONAL STOCK EXCHANGE OF INDIA LIMITED
BANK NAME IDBI BANK LTD
A/C NO Please refer Unique Account Code used for making Annual Listing fees to
the Exchange
BRANCH BANDRA KURLA COMPLEX, MUMBAI
RTGS/IFSC CODE IBKL0001000
The fine paid as above will be credited to IPFT as envisaged in the circular