Burnpur Cement Limited has informed the Exchange about Action(s) initiated or orders passed
Awaiting price reaction for this filing.
Burnpur Cement Limited received a notice from BSE on 27th June 2025 imposing a fine of Rs. 1,53,400 (including GST) for non-compliance with Regulation 33 of SEBI (LODR) Regulations, 2015, relating to delayed submission of audited financial results for the quarter and year ended March 2025. The delay was caused by the resignation of the company's Statutory Auditors, which prevented timely completion of the audit. The company has appointed new auditors and plans to submit the results as soon as the audit is completed. It will also request the exchange to waive off the penalty given its circumstances.
This is a minor financial penalty, but it highlights deeper concerns: the company is already under Asset Reconstruction Company (ARC) management, has nil revenue, no operations in FY 2024-25, and faces ongoing financial distress, which is negative for shareholders and suggests higher risk.