Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015, we wish to inform you that the Company has received communication from SEBI regarding the waiver of SOP fine levied for Non-Compliance ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rose Merc Ltd received communication from SEBI fully waiving the SOP fine of ₹1,08,560 that was levied for non-compliance with Regulation 6(1) of SEBI (LODR) Regulations for the quarter ended December 31, 2023. The company had made a representation for waiver, which was reviewed by SEBI's Internal Regulatory Oversight and Review Group on August 14, 2025. Based on the facts and written submissions, the Group waived the penalty entirely. However, SEBI has issued a warning letter regarding incorrect filing of Compliance Officer details in the Reconciliation of Share Capital Audit Report for the same quarter, advising the company to exercise due diligence in future disclosures.
Net positive for shareholders — the full ₹1.08 lakh fine has been waived, removing a compliance liability. However, the warning letter signals SEBI's scrutiny of the company's disclosure practices, and any future lapses could attract stricter disciplinary action.