Intimation of imposition of fine by BSE Limited

SEBI penaltyRegulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹31.59

prior close

₹32.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-2.0% vs market

Iron & Steel Products peers, median of 91sector+0.2%-2.1% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.1 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.9+0.1-2.0+0.2-2.1

Next day

-3.2-0.2-3.0-0.7-2.4

-5.0+0.3-5.3-1.0-4.1

-5.3+0.9-6.2+0.1-5.5

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-13.8+0.8-14.6+0.7-14.5

-19.3+0.0-19.3-1.4-17.9

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 91Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BSE Limited has imposed a fine of INR 2,12,400 (including GST) on Rathi Steel & Power for alleged non-compliance with Regulation 19(1) and 19(2) of SEBI's Listing Regulations, which relate to the constitution of the Nomination and Remuneration Committee (NRC) of the company. The fine was communicated via BSE email on May 29, 2025, and the Board noted it at its meeting on May 30, 2025. The company has stated that, based on the Board's assessment, there is no such non-compliance and a suitable reply will be filed. The company also clarified that there will be no material impact on its financial operations or other activities.

Likely market impact

The fine is small (about INR 2.12 lakh) and the company states it has no material financial or operational impact. However, the dispute over the NRC compliance issue may create short-term governance-related uncertainty for shareholders.