Rajnandini Metal Limited has informed the Exchange regarding ''.
RAJMET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.3 pts less than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NSE imposed a fine of Rs. 2,89,100 (including 18% GST) on Rajnandini Metal for a 49-day delay in complying with Regulation 17(1) of SEBI LODR Regulations, 2015, which relates to maintaining the required board composition. The vacancy arose from the sudden health-related resignation of director Mr. Het Ram, after which the company engaged executive search firm Shavikesh Consulting to find a replacement. Mr. Sanjay Choudhary was appointed as Chairman and Managing Director with effect from August 19, 2025, restoring compliance. The board has paid the fine and filed a waiver request with the exchange on December 12, 2025, citing financial losses in FY25, genuine hardship, and absence of any wilful default. The board has assured that such non-compliance will not recur.
The fine is small relative to a listed company and has already been paid, while a waiver request is pending with NSE. The episode flags a temporary governance lapse but the board is now fully reconstituted, so the immediate impact on the stock should be limited. Investors may keep an eye on the waiver outcome and the company's continued financial recovery.