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Ugar Sugar Wins NSE Waiver on SEBI Compliance Fines

Story Highlights
  • Ugar Sugar Works secured an NSE-approved waiver of fines for delayed SEBI listing regulation compliance for the September 2024 quarter.
  • The waiver, aligned with a coordinated NSE-BSE framework, removes penalties but reinforces the need for stricter future regulatory compliance by the company.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ugar Sugar Wins NSE Waiver on SEBI Compliance Fines

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Ugar Sugar Works Ltd ( (IN:UGARSUGAR) ) has provided an update.

Ugar Sugar Works Ltd has received approval from the National Stock Exchange of India for a waiver of fines that had been imposed for delayed compliance with various provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended September 30, 2024. The waiver, aligned with a coordinated framework between NSE and BSE to ensure uniform decisions for commonly listed entities, relieves the company of these penalties but comes with a reminder from the exchange to maintain timely compliance with listing and other applicable regulations in the future, underscoring the importance of regulatory adherence for the company and its stakeholders.

More about Ugar Sugar Works Ltd

Ugar Sugar Works Ltd is an Indian sugar manufacturing company headquartered in Karnataka and Maharashtra, operating multiple offices across key cities such as Mumbai, Bangalore and Belgaum, and is listed on both the Bombay Stock Exchange and the National Stock Exchange.

Average Trading Volume: 10,326

Technical Sentiment Signal: Sell

Current Market Cap: 4.85B INR

For detailed information about UGARSUGAR stock, go to TipRanks’ Stock Analysis page.

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