S&S Power Switchgears Limited has informed the Exchange about General Updates
S&SPOWER · price
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BSE and NSE each levied a fine of Rs. 3,28,040 (inclusive of GST) on S&S Power Switchgears for not meeting the composition requirements of its Nomination and Remuneration Committee under Regulation 19(1) and 19(2) of the SEBI Listing Regulations. The company had applied to BSE for a waiver of this penalty, but BSE rejected the waiver application on 8 April 2026. Following this, the company paid the fine to BSE on 9 April 2026 and to NSE on 10 April 2026. The company has confirmed that its Nomination and Remuneration Committee is now fully compliant with the required composition rules, and the total outflow is described as having no material impact on its financials or operations.
This is a minor, one-time regulatory penalty with no meaningful impact on the company's financials, operations, or ongoing compliance status. It is unlikely to have any significant effect on the share price, though it signals past governance lapses that the company has since corrected.