Sree Jayalakshmi Auto Spin Ltd — Updates, 15-05-2025: Company Update

Sparkle Gold Rock Limited has been charged a penalty of Rs. 5,000 per day for April due to a delayed reclassification application submission to the stock exchange. The company contests this penalty, believing it to be unjustified based on their interpretation of the regulations, and is preparing representations to resolve the issue. The company emphasizes its commitment to regulatory compliance and will address the matter to ensure proper adherence going forward. This development is important for shareholders as it reflects the company’s proactive approach to regulatory challenges.