Intimation under Regulation 30 of the SEBI ( Listing Obligations and Disclosure Requirements) regulation 2015 for imposition of Fine.
Awaiting price reaction for this filing.
Burnpur Cement Ltd received a notice from the Bombay Stock Exchange imposing a fine of Rs. 2,69,040 (including GST) for non-compliance with Regulation 18(1) and Regulation 19(1)/19(2) of the SEBI Listing Regulations during the quarter ended December 2024. These regulations pertain to the composition of the Audit Committee and the Nomination and Remuneration Committee, respectively. The company has confirmed that apart from the fine amount, there is no other financial or operational impact. The management is reviewing the notice and evaluating next steps.
The fine is a nominal amount relative to company operations and is unlikely to materially affect the stock, but it signals weak compliance with board committee composition requirements, which investors should monitor.