Pune E-Stock Broking Limited received a penalty of 0.03 Cr (plus 18% GST) from BSE due to a 15-day delay in seeking trading approval for 1,00,000 equity shares issued via a preferential allotment.

The company explained the delay was purely procedural, caused by late receipt of a crucial 'Credit of Shares letter' from NSDL, a prerequisite for the application.

Management assured stakeholders that investor interests were unaffected, as these shares are subject to a regulatory lock-in period, preventing immediate trading.

The application was filed promptly once the necessary document was obtained.