BSEBurnpur Cement LtdMediumNeutral
Announced Wed, 25 Mar · 15:09 IST
Intimation of receipt of Waiver approval from BSE pertaining to Reg 17(1A) of the SEBI (LODR) Regylation 2015.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Burnpur Cement had been fined Rs. 1,55,760 (including GST) by BSE for not complying with SEBI Listing Regulation 17(1A) for the quarter ending June 30, 2025. This regulation typically relates to the appointment of independent directors on the board. The company applied to BSE seeking a waiver of this fine, and BSE has now approved the waiver via email dated March 25, 2026. As a result, the company is no longer required to pay the penalty amount.
Likely market impact
This is a positive outcome for shareholders as the company is relieved of the penalty payment. It removes a small compliance overhang, though the underlying issue with independent director appointment should still be monitored to avoid future violations.