Imposition of Fine by Stock Exchanges
DSFCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DCM Shriram Fine Chemicals Ltd has been fined Rs. 68,440 each by BSE and NSE (total Rs. 1,36,880 including GST) for technical non-compliance with SEBI Listing Regulations. The violation relates to a delay in obtaining prior shareholder approval for the continuation of Non-Executive Director Mr. Sunil Behari Mathur, who has attained the age of 75 years, for the quarter ended March 31, 2026. The company states the delay was an unintended omission caused by time constraints while implementing a Scheme of Arrangement and complying with listing requirements. It has already initiated a Postal Ballot process to obtain shareholder approval, with voting results expected on May 29, 2026.
The financial impact is minimal at Rs. 1,36,880 total. The company has confirmed no material impact on operations and is taking corrective action through a shareholder vote, which should resolve the compliance issue shortly.