As per the letter attached herewith
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Awaiting price reaction for this filing.
Banganga Paper Industries Limited (formerly Inertia Steel Limited) has disclosed that it received an administrative warning letter from SEBI dated June 19, 2025. The warning was issued because the company failed to include a certificate from a practicing chartered accountant confirming compliance with Regulation 45(1) of the SEBI LODR Regulations in the explanatory statement sent to shareholders for approving the change in name. BSE flagged this non-compliance while processing the company's name change application. SEBI has warned the company to be careful in future and cautioned that any repeat violation could attract enforcement action under the SEBI Act, 1992.
This is an administrative warning rather than a monetary penalty, so there is no immediate financial penalty. However, it flags a compliance lapse related to the company's name change process, and shareholders should note that repeat violations could trigger stricter SEBI action in the future.