Digjam Limited receives ₹7,080 fine for delayed Compliance Officer appointment
Digjam Limited's Annual Secretarial Compliance Report for FY26 reveals a penalty of ₹7,080 (₹3,540 each from BSE and NSE) due to a delay in appointing a Company Secretary/Compliance Officer from May 1 to August 3, 2025. The board has acknowledged the non-compliance and stressed timely regulatory adherence.
While there was a non-compliance, the financial penalty is small and the company has acknowledged the issue and plans to improve diligence, suggesting a limited impact on overall operations.
The company received fines from stock exchanges due to non-compliance with regulatory requirements regarding the appointment of a Compliance Officer.
Digjam Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, as per Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, issued by M/s. Viral Sanghavi & Associates, Practicing Company Secretaries, details the company's compliance status.
During the review period, Digjam Limited faced non-compliance regarding the appointment of a qualified Company Secretary as Compliance Officer. The company did not have a Company Secretary/Compliance Officer for a continuous period from May 01, 2025, to August 03, 2025. This resulted in penalties of ₹3,540 from both BSE and NSE, totaling ₹7,080, levied via emails dated November 20, 2025.
The Board of Directors has acknowledged the fines and emphasized the need for greater diligence to ensure timely regulatory compliance. They have stressed the importance of adhering strictly to prescribed timelines and adopting a backward planning approach to prevent future violations.
Apart from this, the report indicates that Digjam Limited has complied with various other SEBI regulations, including the maintenance of policies, website disclosures, director qualifications, document preservation, performance evaluation, and related party transactions. The company confirmed it had no subsidiary during the review period. The report also notes that disclosure requirements for Employee Benefit Scheme Documents are not applicable to the company.
What to do with a filing like this
Digjam Limited filed this with the NSE as a statutory disclosure, categorised under secretarial compliance report. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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