Devyani International Limited — Important, 11-11-2024: Updates

The Board of Directors of Devyani International Limited has reviewed a fine imposed by the National Stock Exchange and BSE for delayed compliance with SEBI regulations during the quarter ended June 30, 2024, amounting to ₹2,360. The company lodged an application for a waiver of this fine, detailing reasons for the request, which is currently pending with the stock exchanges. The Board acknowledged that similar penalty cases involving other listed entities are under consideration by the Supreme Court. The company has paid the fine under protest, indicating its intention to contest this action. Stakeholders should monitor the situation closely as it may impact the company’s relations with the regulatory authorities.