Reliable Data Services Fined ₹5.19 Lakh by NSE & BSE for Non-Compliance
Reliable Data Services Limited has been fined ₹2,59,600 by both NSE and BSE for non-compliance with Regulation 17(1) of SEBI LODR for the quarter ended March 31, 2026. The total fine amounts to ₹5,19,200. The company is seeking a waiver for these fines.
The fine amount, while not excessively large, represents a financial penalty and indicates a compliance issue that could potentially lead to further actions if not resolved.
The company has been fined by stock exchanges due to non-compliance, which is a negative development.
Reliable Data Services Limited has been levied a fine of ₹2,59,600 by both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for non-compliance with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended March 31, 2026.
The total financial implication for the company amounts to ₹5,19,200 (₹2,59,600 from NSE and ₹2,59,600 from BSE). The non-compliance pertains to the composition of the Board, including the failure to appoint a woman director.
The company received notices from both exchanges on May 27, 2026. Reliable Data Services Limited is in the process of filing an application for a waiver of these fines. The company must also place the matter before its Board of Directors in the next meeting and inform the exchanges of the Board's comments.
What to do with a filing like this
Reliable Data Services Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Reliable Data Services Limited. Read the original for the full detail.