Delay in Submission of Corporate Announcement under Reg 30 of SEBI LODR- Please find enclosed the reply letter.
MSPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MSP Steel & Power has replied to a BSE query about a late corporate announcement filed on September 27, 2025, under SEBI's Regulation 30 LODR rules. The original disclosure related to a CARE credit rating press release received by email on September 25, 2025 at 6:46 PM. The company missed the mandatory 24-hour filing window. It blames three factors: its Annual General Meeting (AGM) was held the same day, creating heavy compliance workload; key directors were abroad (Czech Republic and UK) across time zones, delaying internal approvals; and the Durga Puja festive season in West Bengal slowed its reply to BSE. The Company Secretary has apologized, called the lapse inadvertent, and committed to strengthening internal verification processes to prevent recurrence.
This is a procedural/compliance lapse rather than a business event, so the direct stock price impact should be limited. However, repeated or serious delays in Reg 30 disclosures can attract SEBI scrutiny, penalties, or show-cause notices, which is a mild negative signal for corporate governance perception.