04:51 AM EDT, 03/18/2025 (MT Newswires) -- Heramba Electric ( PITA ) said late Monday it received a delinquency notification letter from the Nasdaq Stock Market, indicating non-compliance with the bourse's listing rule.

The closing bid price for the company's ordinary shares was below $1 apiece for 30 consecutive business days, resulting in non-compliance with the minimum bid price requirement.

The company said it has until Sept. 8 to regain compliance failing which it may be eligible for additional time to become compliant.