BSE and NSE impose fine on Bikaji Foods International Limited

Bikaji Foods International Limited has received an e-mail from BSE Limited ("BSE") and National Stock Exchange of India Ltd. ("NSE"), imposing a total fine of Rs. 1,88,800 (Rupees One Lakh Eighty-Eight Thousand Eight Hundred only) on the Company due to non-compliance with the requirements pertaining to constitution of Nomination and Remuneration Committee under Regulation 19 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulations") and the Company has paid the same within the specified time period.

In view of the same, the matter was placed before the Board of Directors in their meeting held on Tuesday, May 23, 2023. It was also informed to the Board of Directors that the Company has suo-moto re-constituted the Nomination and Remuneration Committee in compliance with the Regulation 19 of the Listing Regulations, before the e-mail received from the BSE and NSE and the same was noted by the Board of Directors.

The Board confirmed that the Company gives utmost importance to governance and compliance of applicable laws and endeavors to follow best governance practices.

Shares of Bikaji Foods International Limited was last trading in BSE at Rs. 382.30 as compared to the previous close of Rs. 384.20. The total number of shares traded during the day was 26948 in over 1518 trades.

The stock hit an intraday high of Rs. 398.95 and intraday low of 380.00. The net turnover during the day was Rs. 10476229.00.

Source : Equity Bulls

Keywords

BikajiFoodsInternational INE00E101023 PackagedFoods Fine NSE BSE