BOARD COMENTS ON FILE LEVIED BY EXCHANGE.
Awaiting price reaction for this filing.
Burnpur Cement's Board of Directors, at a meeting on 27th May 2025, acknowledged fines imposed by NSE and BSE for non-compliance with Regulations 18 and 19 of the SEBI (LODR) Regulations, 2015. These regulations pertain to the constitution of the Audit Committee and the Nomination and Remuneration Committee. The total fine amounted to Rs. 2,69,040 (including GST). The Board confirmed that the company has already paid the fine in full and stated that the non-compliance was not willful. The Board directed the concerned officials to exercise greater caution in future to avoid similar violations.
This is a governance-related compliance issue with a minor financial penalty already paid, so the immediate impact on shareholders is limited. However, repeated non-compliance with SEBI LODR regulations could attract stricter action from the exchanges, including potential freezing of promoter demat accounts, which may affect stock liquidity and investor confidence.