Advent Hotels fined ₹1.4 Lakhs for delayed financial results submission
Advent Hotels International Limited has received fines totaling ₹1.2 Lakhs (excluding GST) from both BSE Limited and NSE for non-compliance under Regulation 33 of SEBI LODR concerning the financial re...
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Why is Advent Hotels International Limited in the news today?
Advent Hotels International Limited (ADVENTHTL) is in the news due to the company received fines for a procedural delay. while the fines are a negative event, the company addressed the issue promptly and explained the reason as an interpretational misunderstanding, indicating no malicious intent. the impact is quantified and limited to the fine amount.
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Advent Hotels fined ₹1.4 Lakhs for delayed financial results submission
December 17, 2025, 09:50 AM
Advent Hotels International Limited has received fines totaling ₹1.2 Lakhs (excluding GST) from both BSE Limited and NSE for non-compliance under Regulation 33 of SEBI LODR concerning the financial results for the quarter ended September 30, 2025.
The company was fined ₹60,000 plus applicable GST by each exchange. The delay in submission was attributed to a bona fide interpretational issue regarding the timeline for submitting financial results post-listing via a Composite Scheme of Amalgamation and Arrangement. The company initially understood that results could be submitted within 21 days from the listing date or 45 days from the quarter's end, whichever was later. However, subsequent clarification indicated that the 21-day period applies only to entities listed through an IPO, not those listed via a scheme of arrangement.
Upon clarification, the company promptly convened its Audit Committee and Board Meetings, with the Board approving the financial results on November 28, 2025, and making the required filings thereafter. The company is in the process of remitting the fines, amounting to ₹70,800 (including GST) per exchange, within the stipulated 15-day period. The UTR/proof of payment will be submitted to the stock exchanges upon remittance. The impact of these fines on the company's financial, operational, or other activities is considered nil, except for the penalty amount itself.
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