Intimation under Regulation 30 of the SEB LODR Regulation 2015.
Awaiting price reaction for this filing.
Burnpur Cement has received notices from both NSE and BSE dated 29 August 2025 for non-compliance with Regulation 17(1A) of the SEBI Listing Regulations for the quarter ended 30 June 2025. Each exchange has levied a fine of Rs. 1,55,760 (including GST), taking the total to roughly Rs. 3.1 lakh. The company has decided to challenge these fines before the SEBI Appellate Tribunal (SAT). Its argument is that its management has been taken over by UV Asset Reconstruction Company, which is governed by the SARFAESI Act 2002, and that general SEBI LODR rules should not apply in such a situation. The company has requested the exchanges not to take any further action until SAT gives its ruling.
The financial impact of the fine is small, but the filing highlights ongoing compliance and governance challenges for Burnpur Cement, whose management is already under an asset reconstruction company. Investors may view this as another sign of structural stress, though near-term stock price impact is likely limited given the modest penalty amount.