The country's largest wind energy company Suzlon Energy has received a warning letter. This warning letter has been received from the country's largest exchange NSE. In the information released by the company, it was told that the company has received such a warning before as well. Now this has happened for the second time. Let us tell you that on October 1, 2024, the stock of the company fell by 0.25 percent to close at Rs 79.85.
What is the matter- NSE and BSE have sent this notice due to non-fulfillment of the necessary disclosure rules issued by the Securities and Exchange Board of India (SEBI-Securities and Exchange Board of India) on time . This notice has been sent by different exchanges on 30 September and 1 October. (Stocks to watch: Strong action will be seen in these stocks on Thursday as soon as the market opens)
The notice states that the company has failed to inform the exchanges on time about the resignation of Independent Director Mark Desdeleire and the analyst call held in June. The exchange says that information about the analyst meeting has to be given at least two days in advance. But the company had informed about the analyst call of 9 June 2024 on the same day i.e. 9 June 2024. Whereas it happens two days earlier. (IPO News: Railway-related Rahee Infratech's IPO is coming - the company is 60 years old) Even before this, the company has made such a mistake - the company had delayed in giving information about the analyst meeting. On July 30, 2024, the exchange issued a notice and warned about this. It was then said that information about the analyst meeting would have to be given at least two days in advance. But the company gave information about the meeting on November 6, 2023. What next? The exchange has clearly stated in the warning letter that if this happens in the future, strict action will be taken against the company. Immediate action needs to be taken on this.
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