Niraj Ispat Industries Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchange for non-compliance / delayed compliance under Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, relating to the appointment of a qualified Company Secretary as the Compliance Officer'.
NIRAJISPAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Niraj Ispat Industries received a fine notice from NSE on 20 February 2025 for delaying the appointment of a qualified Company Secretary as the Compliance Officer, as required under Regulation 6 of the SEBI Listing Regulations. The Board met on 22 February 2025, acknowledged the delay, took full responsibility, and appointed a qualified Compliance Officer with effect from the same date. The Board also authorised payment of the penalty, and the company paid the fine via cheque dated 24 February 2025. The company has reaffirmed its commitment to corporate governance and regulatory compliance going forward.
The matter appears to be a minor governance lapse that has already been rectified, with the penalty paid. It is unlikely to have a material impact on the stock price, but it flags weaker compliance controls that shareholders should keep an eye on.