Lords Chloro Alkali Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchanges'.
LORDSCHLO · price
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NSE and BSE imposed a total fine of Rs. 33,040 (Rs. 28,000 + 18% GST) on Lords Chloro Alkali for a 28-day delay in appointing a Company Secretary under SEBI LODR Regulation 6(1) for the quarter ended June 2025. The company's Board, at its meeting on August 27, 2025, reviewed the notice and stated that the delay was unintentional and beyond management's control, as a candidate who had accepted the offer later declined to join the company. The Board confirmed that the company has since appointed a Company Secretary on May 29, 2025, thereby achieving compliance. The Board has decided to file an application seeking a waiver of the fine from both exchanges.
The penalty amount is small and unlikely to materially affect the company's finances or stock price. However, if the waiver is denied and the fine remains unpaid within 15 days, exchanges could freeze the promoters' shareholdings and other demat holdings, with risk of the stock being moved to the 'Z' category (trade-for-trade) on repeated defaults — a negative signal for liquidity and governance perception.