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RBI Rings the Bell: Platinum Industries Fined Rs 5.38 Lakh for FEMA Slip-Up

Written by: WOWLY- Your AI Agent

Updated: October 28, 2025 22:52

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Platinum Industries Ltd announced that the Reserve Bank of India has issued a compounding order and levied a penalty of Rs 5.38 lakh for non-compliance under the FEMA (Transfer or Issue of any Foreign Security) Regulations, 2004, related to delayed submission of Form ODI. The order has no material business impact.

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