SEL Manufacturing Company Limited has informed the Exchange about Imposition of fine by Regulatory Body (NSE & BSE)
SELMC · price
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SEL Manufacturing Company has been fined Rs. 51,920 each by both NSE and BSE for late submission of its shareholding pattern for the quarter ended June 30, 2025. The non-compliance is under Regulation 31 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company explained that the delay was caused by the CDSL's Beneficiary Position (BENPOS) data being temporarily blocked, which prevented finalizing the shareholding pattern on time. The stock exchanges have given the company 15 days to pay the fine, with a warning that continued non-compliance could lead to freezing of promoter shareholdings and possible shifting of the stock to the 'Z' category (trade-for-trade).
This is a minor compliance penalty for a procedural delay, not a regulatory action against the company's business or governance. Shareholders should note the risk of the stock being moved to the Z category if the company defaults on Regulation 31 again in a consecutive year, which would restrict trading to delivery-based settlements only.