The Bulls have been docked three points and fined £10,000 by the Football League disciplinary panel for fielding Rob Purdie at Torquay.
The decision will drop the Bulls down to 21st in the table, five points clear of second-bottom Barnet with both sides having six games left. £7,500 of the fine is suspended.
The Bulls have 28 days to appeal the decision, something that chairman David Keyte has already told the official site the club will be doing.
Later Keyte spoke to BBC Hereford and Worcester.
"We wait now for about seven days to get the written explanation.
"There was no explanation given to us by the panel, only the verdict.
"And then we will appeal, we have 28 days to do so."