Intimation under Regulation 30 of the SEBI (LODR) Regulation.
Awaiting price reaction for this filing.
Burnpur Cement Limited has informed the stock exchanges that it received a notice from BSE on May 29, 2025, imposing a fine of Rs. 1,84,080 (including GST) for non-compliance with Regulation 19(1)/19(2) of the SEBI Listing Regulations for the quarter ended March 2025. Regulation 19 pertains to the composition and functioning of the Audit Committee, indicating a corporate governance lapse. The company has stated that beyond the fine amount, there is no other material impact on its financials or operations. The company is reviewing the notice and assessing its next course of action.
The penalty itself is small (Rs. 1.84 lakh) and unlikely to affect the stock price materially, but the underlying non-compliance with audit committee-related governance norms is a red flag that investors should monitor.