S&S Power Switchgears Limited has informed the Exchange regarding 'Updates'.
S&SPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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BSE Limited and NSE Limited imposed a penalty of Rs. 3,28,040/- each (inclusive of GST) on the Company for non-compliance with Regulation 19(1) and (2) of the SEBI Listing Regulations, specifically relating to the composition of the Nomination and Remuneration Committee. The Company had submitted a waiver application to BSE Limited, which was rejected via email communication dated April 08, 2026. The Company paid the fine amount to BSE Limited on April 09, 2026. The Company confirms that it has since come into compliance with Regulation 19(1) and (2) and the composition of the committee is now compliant.
The penalty amount of approximately Rs. 6.56 lakh combined is relatively minor and the Company states there is no material impact on financials or operations. The rejection of the waiver request means the fine must be paid, but the compliance issue has been rectified.