INSUBCONTINENT EXCLUSIVE:
It further said that any aberration in future on the part of the company would be viewed seriously.1 min read Last Updated : Jul 30 2024 |
11:26 PM IST
The National Stock Exchange of India Limited (NSE) has issued a warning letter to Suzlon Energy Ltd for non-compliance with
disclosure rules.
In its letter to Suzlon, NSE observed that a disclosure of an analyst's call of the company held on November 6, 2023,
was submitted to the exchange on the same day.
The disclosure seems to be at shorter notice as required under the Sebi's LODR (listing
obligations and disclosure requirements) rule, the letter dated July 29 said.
The LODR rule requires a listed entity to inform the
schedule of analysts or institutional investors to meet at least two working days in advance (excluding the date of intimation and date of
meet).
"The aforesaid non-compliance on your part is viewed seriously
You are, hereby, warned and advised to be careful in future, exercise due caution and initiate corrective steps to avoid the recurrence of
such lapses so as to ensure due compliance with the applicable provisions of SEBI LODR," the NSE said.
It further said that any aberration
in future on the part of the company would be viewed seriously, and appropriate action would be initiated.(Only the headline and picture of
this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First
Published: Jul 30 2024 | 11:26 PMIST
