Docmode Health Technologies Limited — Important, 11-04-2025: Updates

DocMode Health Technologies Limited's Board has provided comments regarding the fine levied by the National Stock Exchange for non-compliance issues related to late financial results submission. The Board determined that the delay was unintentional, stemming from an expired peer review certification that prevented the auditor from signing off on the Limited Review Report promptly. The Company has already initiated part payment of the penalty amounting to ₹1.30 lakh plus GST and plans to pay the remainder soon. While they intend to settle the fine, the Board noted their position that the delay was beyond the company’s control and intends to request a waiver of the penalty after full payment. Moving forward, the Board has emphasized the importance of ensuring timely compliance to avoid similar issues.

The Company is also under scrutiny from the NSE regarding its compliance history, as repeated non-compliance could result in harsher penalties, including freezing the promoters' shareholdings. It is imperative for the Company to adhere to the Listing Regulations to prevent further disruptions. Investors should monitor this situation closely as it could impact the company's governance and market standing.