RSWM Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
RSWM · price
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Awaiting price reaction for this filing.
RSWM Limited received a communication from BSE on July 1, 2025 regarding an alleged non-compliance with Regulation 17(1) and 17(1A) of SEBI Listing Regulations, which deal with the composition of the Board of Directors (such as independent director requirements). The company paid the fine of Rs. 1,95,000 plus GST of Rs. 35,100 (totalling around Rs. 2.30 lakh) on July 2, 2025. The company has stated there is no material impact on its financials, operations, or other activities due to this matter. The disclosure was made under Regulation 30 of the Listing Regulations.
This is a minor compliance penalty with negligible financial impact (about Rs. 2.3 lakh total) and is unlikely to affect the stock price. Investors should note the board composition issue but the matter has been resolved by paying the fine.