Burnpur Cement Limited has informed regarding Disclosure of material issue
Awaiting price reaction for this filing.
BSE Limited had earlier imposed a fine of Rs. 1,55,760 (including GST) on Burnpur Cement for not complying with Regulation 17(1A) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, for the quarter ended 30 June 2025. Regulation 17(1A) typically relates to board composition requirements, such as the appointment of independent directors. The company has now informed the stock exchanges that BSE has approved a waiver of this penalty via an email dated 25 March 2026. This brings the matter to a close without the company having to pay the fine.
Positive development for shareholders as the company is relieved of the penalty amount. The financial impact is minor given the small size of the fine, but the waiver removes an overhang of non-compliance under SEBI LODR norms.