Industrial & Prudential Investment Company Ltd has received confirmation regarding the withdrawal of a fine.

The company was previously levied a fine of Rs. 1,01,480 (including GST) for non-compliance with certain disclosure requirements.

This penalty has now been entirely withdrawn based on the company's submissions and a revised reconciliation report, resulting in no residual fine payable.

This development removes a minor financial liability and reflects the company's successful resolution of the compliance matter.