Replay to BSE on delay in compliance of Regulation 23(9) for the half year ended 30th September 2025
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Awaiting price reaction for this filing.
Coromandel Engineering Company has paid a fine of Rs. 5,900 (including 18% GST) levied by BSE for late submission of related party transaction disclosures for the half year ended 30th September 2025, as required under SEBI LODR Regulation 23(9). The penalty was imposed under a SEBI master circular dated 11th November 2024 that governs penal action for non-compliance. The company received the penalty notice via email on 16th December 2025 and made the payment on 17th December 2025 through Union Bank of India, Egmore Branch. The company has stated that there is no material financial impact from this fine, and the matter will be placed before the Board at its next meeting.
This is a minor compliance penalty with negligible financial impact (under Rs. 6,000). It signals some weakness in timely regulatory compliance but is unlikely to affect the stock price or shareholder value materially.