Ducon Infratechnologies Limited — Important, 17-01-2025: Updates

BSE Limited and the National Stock Exchange of India have imposed a penalty of ₹11,800 each on Ducon Infratechnologies for a delay in compliance with specific SEBI regulations. This penalty stems from non-compliance regarding prior notice about a board meeting held in November 2024. However, the company clarified that the required notice was submitted timely and attributed the delay to a technical glitch. The Board of Directors has acknowledged this incident, remarking that it does not foresee any impact on the company’s financial or operational activities. Ducon emphasizes its consistent record of compliance, stating that this was an inadvertent error without malicious intent. The company promptly paid the penalty and aims to maintain transparency moving forward. Watch closely for further developments on their compliance measures.