Libas Consumer Products Limited Stock Analysis

The company has rectified the non-compliance for delayed shareholding pattern submission by January 27, 2026. / The company has already complied with the delayed financial results submission by November 20, 2025. / The company has paid the SOP fine for the December 16, 2025 notice and commits to paying the fine for the February 13, 2026 notice within the statutory timeline. / The Board acknowledged the delays were 'inadvertent and unintentional' and 'emphasized that going forward prescribed timelines & compliances should be strictly adhered to', indicating a commitment to improvement.

The company has demonstrated repeated regulatory non-compliance with SEBI (LODR) Regulations, specifically Regulation 31 and Regulation 33. / There were significant delays in submitting the shareholding pattern for the quarter ended December 31, 2025, and financial results for the quarter and half year ended September 30, 2025. / Continued non-compliance could lead to severe actions from NSE, including freezing the entire shareholding of Promoters and shifting trading to a 'Trade for Trade' (Z Category) basis. / The recurring nature of 'inadvertent and unintentional' delays raises concerns about the effectiveness of the company's internal compliance controls. / The non-compliance issues can lead to reputational damage and negatively impact investor confidence.

The company achieved compliance retrospectively, submitting Q3 FY26 shareholding pattern on January 27, 2026 and Q2 FY26 financial results on November 20, 2025 / Board has acknowledged the compliance lapses and committed to strict adherence to prescribed timelines going forward / The company paid the first SOP fine (₹23,600) within the statutory timeline and committed to paying the second fine (₹14,160) promptly / Management characterized the delays as inadvertent rather than willful non-compliance, suggesting absence of malicious intent

NSE imposed fines totaling ₹37,760 (₹23,600 + ₹14,160 including GST) for delayed regulatory submissions under LODR Regulations 33 and 31, indicating weak compliance infrastructure / Consecutive defaults trigger escalation provisions: potential freezing of entire promoter shareholding across all securities and shifting to 'Trade for Trade' Z-category if non-compliance persists / Delayed financial results submission (4 days late for Q2 FY26) raises concerns about audit readiness, internal financial controls, and reporting capabilities / Delayed shareholding pattern submission (6 days late for Q3 FY26) suggests inadequate systems for routine regulatory filings, which are relatively straightforward compared to complex disclosures / Complete absence of financial performance data in this report prevents investors from assessing actual business health, revenue trends, profitability, or operational metrics / Repetitive non-compliance pattern across different regulations (Reg 31 and Reg 33) within a short timeframe indicates systemic compliance weaknesses rather than isolated incidents

Both identified non-compliances were ultimately rectified: Regulation 33 compliance completed on November 20, 2025 and Regulation 31 compliance completed on January 27, 2026. / The Board formally reviewed both NSE notices in its February 13, 2026 meeting, indicating escalation of compliance issues to the highest governance level. / The company confirmed payment of the December 16, 2025 SOP fine (Rs.23,600 including GST), showing willingness to close regulatory dues. / The February 13, 2026 notice amount is clearly quantified (Rs.14,160 including GST), and management stated it will be paid within the statutory timeline, reducing immediate open-ended penalty risk once paid.

Two separate NSE non-compliance notices were issued within about two months (December 16, 2025 and February 13, 2026), signaling recurring compliance failure rather than an isolated event. / Total disclosed penalty burden is Rs.37,760 including GST (Rs.23,600 + Rs.14,160), directly reducing near-term profitability. / Regulation 31 default lasted 6 days and Regulation 33 default lasted 4 days, showing repeated deadline misses on core disclosure obligations. / NSE explicitly warned of potential promoter demat shareholding freeze for non-payment/non-compliance, a high-severity governance overhang. / NSE also cited possible 'Trade for Trade' / Z-category consequences for consecutive defaults, which could impair liquidity and market perception if lapses recur.