OCCL Limited has informed the Exchange regarding 'General Announcement'.
OCCLLTD · price
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Awaiting price reaction for this filing.
OCCL Limited received warning letters from both BSE and NSE on January 6, 2026, for not holding a meeting of the Nomination and Remuneration Committee (NRC) during the financial year ended March 31, 2025, as required under Regulation 19(3A) of SEBI LODR. The company was listed on stock exchanges on October 29, 2024. OCCL clarified that as of the last day of the previous financial year, it fell within the exemption thresholds under Regulation 15(2)(a) — paid-up equity capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore. Therefore, corporate governance provisions including Regulation 19 were not applicable during that period. The company stated the non-compliance was based on a bona fide interpretation and has strengthened its internal compliance monitoring mechanisms.
This is a procedural warning, not a financial penalty or regulatory action, so the immediate impact on shareholders is minimal. However, investors should note that the exchanges have flagged this issue and warned that future deviations will be treated seriously, which could affect governance perception if the company crosses the regulatory thresholds in the future.