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GG Automotive Gears informs about clarification

06 Dec 2025 Evaluate
In continuation to the Corporate Announcement dated 03rd December, 2025 to BSE, giving intimation w.r.t penalty levied by BSE ‘531399-Fines as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 (Chapter-VII(A)-Penal Actions for Non-Compliance) levied via mail dated 28th November, 2025’, GG Automotive Gears has informed that the Company has received mail from BSE dated 04th December, 2025 asking for clarification for delay in intimation under Regulation 30 for levy of Penalty beyond 24 hours. They hereby submit that, the intimation was delayed, as Company was in the process of collecting, compiling and collating the data for the purpose of preparation of reply/ clarification for reversal of Penalty imposed by BSE. Therefore, in the process of solving the turmoil and getting clarity in the matter for preparation of reply for Penalty reversal, there was a delay beyond 24 hours for intimation under Regulation 30 of SEBI (LODR) Regulation, 2015. The delay occurred due to an inadvertent administrative oversight coupled with internal verification and approval processes undertaken before making the disclosure. The Company was in the process of reviewing the communication received from the Exchange, validating the underlying details, which resulted in the intimation being filed beyond the stipulated 24-hour timeline. They confirmed that the delay was unintentional and without any malafide intent. The Company has also strengthened its internal compliance monitoring and escalation mechanism to ensure timely filing of all future disclosures. They regret the delay and assured its continued commitment to full compliance with all regulatory requirements.

The above information is a part of company’s filings submitted to BSE. 

GG Automotive Gears Share Price

164.35 2.40 (1.48%)
08-May-2026 16:59 View Price Chart
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