Fedbank Financial Services Limited (FEDFINA) announced that its request for a waiver of a fine levied by BSE Limited has been rejected. The fine was imposed due to the delayed submission of the notice for the record date, which was fixed on September 11, 2023, for ISIN INE007N07041. The company had initially informed BSE of the record date on August 31, 2023, instead of the stipulated August 30, 2023. FEDFINA attributed this one-day delay to an inadvertent miscalculation of the 7-working-day period, mistakenly excluding the intimation date and the record date. During this period, no concerns were raised by any debenture holders regarding the intimation. FEDFINA had applied for a waiver of the fine on January 4, 2024. However, BSE communicated its rejection of this request via an email dated March 02, 2026. Consequently, the company has paid the fine amount of ₹11,800/-, inclusive of GST, to BSE Limited.
