Devyani International Limited — Others, 22-11-2024: Action(s) taken or orders passed

Devyani International Limited has announced a board meeting to address the continued imposition of fines by the NSE and BSE for delayed compliance with SEBI Listing Regulations. The company faces additional fines of ₹8,000 (plus GST) each for non-compliance regarding the re-appointment of a Non-Executive Director over seventy-five years of age. While the applications for a waiver of previous fines are pending, this update highlights ongoing governance challenges. Investors may perceive this as a potential risk to the company's reputation, but the financial impact appears limited at this stage.