Insecticides (India) Limited — Important, 11-11-2024: Updates

The Board of Directors addressed a non-compliance issue regarding SEBI regulations, specifically relating to the time gap between two record dates being less than thirty days. The company had previously set a record date on August 23, 2024, for dividend approvals but later scheduled a record date for a buyback on September 11, 2024, inadvertently falling within the thirty-day requirement. The oversight was disclosed to investors through a public announcement on September 2, 2024. The company has already paid a fine of Rs. 10,000, plus GST, as levied by the stock exchanges. The Board acknowledged the incident as unintentional and emphasized the need for strict adherence to compliance timelines in the future.