The Company has received notice from BSE regarding non compliance of Regulation 19(1) / 19(2) of SEBI (LODR) Regulations, 2015 w.r.t composition of NRC Committee for the quarter ended March ....

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₹1950.00

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Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+1.1% vs market

Commodity Chemicals peers, median of 51sector+1.1%+1.4% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.4 pts more than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Polychem Ltd received a notice from BSE on May 29, 2025, alleging non-compliance with Regulation 19(1)/19(2) of SEBI's Listing Regulations regarding the composition of its Nomination and Remuneration Committee for the quarter ended March 31, 2025. BSE imposed a fine of Rs 1,98,240 (including GST). The company has disputed this, stating that the NRC did in fact have three members throughout the quarter, as disclosed in its Integrated Governance Report on the BSE website. On June 6, 2025, Polychem filed an application for a full waiver of the fine through the BSE listing portal. The company says there is no material impact on its finances, operations, or other activities.

Likely market impact

The fine is small (under Rs 2 lakh) and the company has contested it and applied for a full waiver, so near-term financial impact is likely negligible. However, repeated or unresolved compliance lapses on board committee composition can dent investor confidence in governance standards.